Here's How Many Shares of Coca-Cola You'd Need for $30,000 in Yearly Dividends. (Spoiler: It's a Lot.)

To generate $30,000 in annual dividends from Coca-Cola at its current 2.4% yield, an investor would need approximately 14,151 shares costing about $1.2 million. While Coca-Cola is praised for its 64-year streak of consecutive dividend increases and defensive characteristics, the article suggests the stock may be overvalued at current levels with a P/E ratio of 26 versus its five-year average of 23.