Another anecdotal tidbit indicating interest in dividend stocks is starting to burble a bit more. Coca-Cola is hitting new 52-week highs Monday, along with Altria, which we spotlighted last week. Like Altria, Coca-Cola is one of those stocks known for its dividend prowess. (BofA stock watchers like it. And UBS recent included in its list of so-called dividend fountains.)
Coca-Cola’s yield of 2.9% isn’t quite as impressive as Altria’s 6.1%. But with a total return year-to-date of 10.2%, doesn’t look too shabby either, especially with the yields on 10-year Treasurys currently hovering at around 2.63%.
Source: Wall Street Journal
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