In short, Coca-Cola has shown exceptional dividend consistency over the years. However, if you're waiting to own shares with a 4% dividend yield you could very well be waiting for a very long time. Of course there are a couple of ways to potentially reach this ambition...
1. Agreeing to buy at a much lower price or 2. owning shares and agreeing to sell at a higher price. Both circumstances come with their own unique risks. In the end it's about figuring out your underlying goals and determining which option (if any) will work best towards that endeavor.
Source: Seeking Alpha
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