Earlier this week two dividend aristocrats, IBM and Johnson & Johnson (JNJ) reported strong earnings for Q2-2021. PPG Industries (PPG) dropped due to disappointing figures. Both Coca-Cola (KO) and Dover (DOV) report strong earnings beating analysts’ forecast.
The Coca-Cola Company reported quarterly earning per share of $0.68 beating estimates by $0.12 and revenues of $10.1B (+42% Y/Y) beating estimates by $800M. Coca-Cola’s current dividend yield is 2.98% based on an annual dividend of $1.68 per share.
For the full-year, the company expects to deliver organic revenue growth of 12% to 14% and an earning per share growth of 13% to 15%. Both are in line with analysts’ estimates.
Year-to-date Coca-Cola is trading 18% higher.
Dividend Aristocrat Dover (DOV) also reported earnings per share ($2.06) above expectations beating estimates by $0.12. The company also raises the full-year guidance. The guidance for full year 2021 revenue growth was raised to 15% to 17% from a previous guidance of 10% to 12% vs. a consensus of 12.57%. Furthermore the earnings-per-share guidance for full year 2021 was raised to $6.45 to $6.55 (prior: $5.92 to $6.02).
The current dividend yield is 1.21% based on a annual dividend of $1.98 per share paid quarterly. The share-price is 55% higher since the start of this year.
See also other upcoming Q2 earnings.