Coca-Cola (NYSE:KO) has done everything an income investor could ask of it this year. In February, the company raised its quarterly dividend about 4% to $0.53 per share ($2.12 a year), marking its 64th consecutive annual increase. Its business has delivered, too, with results strong enough that management raised its full-year outlook in late July.
The stock has responded. Shares have climbed about 28% in 2026, reaching about $90 as of this writing -- within a few dollars of their 52-week high.
And that is exactly the problem for anyone buying today for the income. A dividend yield is a ratio, and this year the price ran far ahead of the payout.
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