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5 Great Stocks for Retirement Income

Nothing fancy here — just solid payouts you can depend on

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Coca-Cola logoDividend Yield: 2.8%

Little surprise that we’re starting with Coca-Cola (NYSE:KO), a top name in dependable dividend stocks.

Sure, it’s no longer the absolute favorite of Berkshire Hathaway (NYSE:BRK.A, BRK.B) — that honor now belongs to Wells Fargo (NYSE:WFC) — but it remains one of Warren Buffett’s longest and largest holdings.

The beverage giant is a bastion of longevity — it’s been around for more than a century, it has paid a dividend since 1920, and it has improved that payout for more than 50 consecutive years. Its product line has expanded well beyond its bread-‘n’-butter cola offering, including Powerade energy drinks, Dasani water and Minute Maid juice drinks. Coca-Cola also has a global reach, offering their products in over 200 countries.

With free cash flow of $8 billion last year and a payout ratio of 52%, investors can expect to see Coca-Cola pad its dividend — currently yielding 2.8% — for the foreseeable future.

Article printed from InvestorPlace Media,

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