Warren Buffett just collected another $204 million from Coca-Cola — a reminder that some of the most powerful returns on Wall Street come from patience, dividends, and owning the right business for decades.
Here’s how that payout breaks down, why Coca-Cola keeps funding Berkshire’s war chest, and what this kind of compounding looks like in real dollars.
Coca-Cola has been one of Warren Buffett’s signature bets since the late 1980s, and it’s still paying like clockwork.
Berkshire Hathaway owns 400 million shares, and Coca-Cola’s $0.51 quarterly dividend just delivered a $204 million payout. Sometimes the biggest wins aren’t dramatic. They’re automatic.
Coca-Cola dividends now bring Berkshire over $800 million a year, far beyond the original $1.3 billion cost. Coca-Cola may have its “secret” headlines, but Buffett only cares about one secret: the dividend arriving every quarter.
Why Coca-Cola Still Matters Coca-Cola isn’t just a dividend machine, it’s still a modern profit engine.
With a market cap around $289 billion and gross margins above 61%, the company keeps doing what it does best: defend pricing power, stay everywhere, and find small ways to sell more. Mini cans. Convenience-store pushes. Product tweaks that look boring up close, but scale fast when you’re global.
That durability is why some Wall Street analysts still see upside, with price targets reaching $80. This implies that Coca-Cola is still being priced as a cash machine with staying power. And for Berkshire, that’s the whole point. No hype. No chasing trends. Just owning a durable cash machine, year after year, and letting dividends and compounding do the heavy lifting.
This is where most investors get caught. They chase the hot stock, the pop, the quick win, and end up trading emotions instead of building wealth.
Buffett plays a different game. He doesn’t need to react to every headline. He owns businesses that pay him, then lets time and dividends do the work.
The difference isn’t access to information. It’s behavior, and the traders who last tend to rely on rules, not emotion, like stop-loss and take-profit orders
Why This Dividend Story Matters That $204 million payout is more than a headline number. It’s what long-term investing looks like when the business is durable and the cash flow is real.
While plenty of investors chase the next spike, Buffett’s Coca-Cola stake shows the quieter path: own a high-quality company, let the dividend stack up, and give compounding time to do its job. You don’t need to love soda to take the point, you just need to respect what consistent payouts can build over decades.
Buffett’s Coca‑Cola dividends today: Berkshire Hathaway collects between $816M and $848M per year in cash dividends from its 400 million KO shares, depending on the specific year’s dividend rate. This is one of the most famous dividend success stories in investing history.
📌 The core numbers (grounded in current sources)
Berkshire owns 400,000,000 Coca‑Cola shares.
Coca‑Cola’s annual dividend per share has recently ranged from $2.04 (2025) to $2.12 (2026).
That produces:
$816M per year at a $2.04 dividend
$824M per year at a $2.06 dividend
$848M per year at a $2.12 dividend
So Buffett’s Coca‑Cola dividends currently sit in the $820M–$850M range annually.
🧮 Why this position is legendary
Buffett paid roughly $1.3B for the KO stake between 1988–1994.
Today, KO dividends alone repay the entire original investment every ~1.6 years.
Yield on cost is astonishing:
KO’s dividend per share (~$2.10)
Buffett’s split‑adjusted cost per share (~$3.25)
Yield on cost ≈ 64%
This is the textbook example of why Buffett says his favourite holding period is “forever.”
You can turbo boost your Snowball by buying ‘safe’ dividend payers that yield 7% plus taking years off of your journey.
‘Safer’ shares are all dividend heroes, although you will have to wait for a market sell off to get a higher yield, or (not buy advice), similar shares to PHP, SUPR DYOR.
Greencoat UK Wind (LSE:UKW) reported a strong first half of 2026, with its portfolio generating 3,003 GWh of electricity, exceeding budget by 4.9%. The higher output helped drive net cash generation of £222 million and produced dividend cover of 1.9 times.
Net asset value at the end of the period stood at £2.9 billion, equivalent to 134.1 pence per share. Despite delivering a total shareholder return of 9.2% during the first half, the company’s shares continued to trade at a significant discount to net asset value.
Debt Refinancing Strengthens Financial Position
The company refinanced £200 million of debt due to mature in 2026, replacing it with new long-term facilities that extend to between 2032 and 2034. Total group debt was also reduced to £2.07 billion, further strengthening the balance sheet.
Greencoat UK Wind said its capital allocation strategy remains focused on increasing inflation-linked shareholder returns while continuing to reduce debt and selectively invest in additional renewable energy assets that can support future cash generation.
Dividend Target Increased
The board reaffirmed its commitment to growing shareholder income by raising its 2026 dividend target to 10.7 pence per share. A second-quarter dividend of 2.68 pence per share has been declared, bringing total dividends relating to the first half of the year to 5.36 pence per share, representing total distributions of £115.7 million.
Management said the current 24.2% discount between the share price and net asset value reflects wider pressures affecting the renewable infrastructure sector, including higher interest rates and policy uncertainty, rather than any deterioration in the company’s underlying business. The board believes improving market conditions and a healthy pipeline of investment opportunities could help unlock long-term shareholder value.
Investment Outlook
Greencoat UK Wind continues to benefit from reliable cash generation, moderate leverage and an attractive dividend yield, making it appealing to income-focused investors. However, recent earnings volatility, weaker profitability and the absence of free cash flow during 2025 have weighed on investor sentiment. Technical indicators also remain subdued, with the shares trading below longer-term moving averages. Even so, the company’s strong operational performance and disciplined capital allocation strategy provide support for its long-term outlook.
About Greencoat UK Wind
Greencoat UK Wind PLC (LSE:UKW) is a listed renewable infrastructure investment company focused on owning and operating UK wind farms. Its objective is to provide investors with sustainable, inflation-linked income through ownership of operational renewable energy assets while supporting the UK’s transition to cleaner electricity generation.
Since its launch, the company has distributed approximately £1.5 billion in dividends and reinvested around £1.1 billion of surplus cash into additional renewable energy projects. Its investment strategy prioritizes growing shareholder distributions, maintaining a strong balance sheet and selectively expanding its portfolio to preserve long-term cash generation and support future returns.
This article was written by the editorial team at InvestorsHub/ADVFN
Primary Health Properties — Strong earnings growth and strategic progress
Primary Health Properties (PHP) has reported H126 results showing strong earnings growth, supported by the successful combination with Assura and underlying portfolio progress. Adjusted EPS increased 9% to 3.8p, comfortably covering DPS of 3.65p (+3%). PHP is now well into its 30th consecutive year of DPS growth. 92% of the expected £9m Assura cost synergies have been put in place and plans are well advanced to reduce post-transaction leverage back to within the targeted range. Significantly, PHP has now agreed exclusive terms for the establishment of a 50/50 private hospital joint venture (JV) with a global long-term institutional investor.
Written by Martyn King
Director, Financials. Property and Insurance
While the Assura acquisition is delivering the expected financial and strategic benefits, it is the continuing organic growth of rental income that will sustain long-term performance. Annualised rent roll increased by £3m to £345m during the period, with rent reviews (at an average 3.2% per year) and asset management adding £4m, partly offset by disposals. New asset management and development projects are starting to see rents being rebased upwards, making them economically viable, highlighting the reversionary potential in the portfolio and providing crucial evidence for future rent review settlements.
Tight cost control allows more of this rental growth to drop through to earnings, and while not all the achieved annual cost synergies have yet appeared in the income statement, the EPRA cost ratio has fallen to 8.7%, one of the lowest in the sector.
PHP has clear plans in place to reduce the higher gearing assumed for the Assura acquisition and move the loan-to-value (LTV) ratio of 57% back towards the target range of 40–50%. The agreed further transfer of assets to the existing primary care JV is expected to release £82m of cash. More significantly, it is expected that PHP will seed the proposed new JV with £0.7bn of private hospital assets. PHP is expected to retain a 50% interest in the JV and will earn fees as the asset manager. Due diligence is well advanced and on track for summer completion. In aggregate, we expect the transfer of assets to the JVs to release c £450m of cash and, on a pro-forma basis, PHP expects LTV to fall to c 53%. Meanwhile, PHP’s balance sheet remains robust, with significant liquidity headroom, and the company has been active in the financing market. £1.2bn of new unsecured debt facilities were completed in the period to enhance the group’s capital structure and reduce cost of capital, with credit margins 40bp cheaper than the facilities being replaced.
With portfolio net initial yield broadly stable at 5.4%, rental growth and asset management generated a revaluation surplus and IFRS NAV per share increased 1% to 99p. We will review the financial report in detail but expect no change to our EPS, DPS or EPRA NTA forecasts despite changes to the earnings composition.
Brett Owens, Chief Investment Strategist Updated: July 29, 2026
$500K can be enough money to retire on. Even as early as age 50!
The trick is to convert the pile of cash into cash flow that can pay the bills. I’m talking about $42,839.91 per year in dividend income on that nest egg, thanks to 8%+ average yields.
These are passive payouts that show up every quarter or, in many cases, every month.
Meanwhile, we keep that $500K nest egg intact. Or, better yet, grind that principal higher steadily and safely.
Got more in your retirement account? Cool—more monthly dividend income for you!
We’ll talk specific stocks, funds and yields in a moment. First things first, let’s wipe the false promises of mainstream finance from our minds.
Step 1: Forget “Buy and Hope” Investing
Most half-million-dollar stashes are piled into “America’s ticker” SPY. The SPDR S&P 500 ETF (SPY) is the most popular symbol in the land. For many 401(K)’s, this is the “go to” ticker.
Sad because SPY doesn’t pay. It yields barely 1.1%. That’s $5,500 per year on $500K… poverty level stuff.
When we retire, we need passive income to replace our active paychecks. SPY won’t get it done.
Step 2: Ditch 60/40, Too
The 60/40 portfolio has been exposed as senseless. Retirees were sold a bill of goods when promised that a 60% slice of stocks and 40% of bonds would somehow be a “safe mix” that would not drop together. That can work—but not always, and that “sometimes” can really hurt!
Oops.
Think back to 2022 when inflation — plus an aggressive Federal Reserve — drop-kicked equities and fixed income before they went on a serious bull run in 2023, 2024 and into 2025 (with a brief interruption for the April “tariff tantrum.”)
It just goes to show that bonds are not the haven guaranteed by the 60/40 high priests. They could easily fall just as hard (or harder) than stocks in the next economic crisis.
In 2022, for example, US Treasuries plunged, which resulted in the iShares 20+ Year Treasury Bond ETF (TLT) getting tagged.
Sure, it still paid its dividend. But even including payouts, the fund was down 31% — worse than the S&P 500. Ouch!
When stocks and bonds are dicey, where do we turn? To a better bet.
A strategy to retire on dividends alone that leaves that beautiful pile of cash untouched.
Enjoy the income while keeping the original principal intact.
To make that $500k last, and our working and saving lives pay off, we really need 8%+ yields. And while we typically don’t see these stocks touted on Bloomberg or CNBC, they are around.
Of course, there are plenty of landmines in the high yield space. Some of these stocks are cheap for a reason. Which is why we need to be contrarian when looking for income.
We must identify why a yield is incorrectly allowed to be so high. (In other words, we need to figure out why the stock is priced so cheaply. Going by the yield alone is like reading only the headlines. We read the whole article—and much, much more!)
The 22 stocks and funds in my Contrarian Income Report portfolio average a 8.6% payout today. This collection of monster dividends spins off $85,679.82 a year for every million dollars invested!
22 Safe Payers for $85,679.82 in Dividends? Source: Income Calendar
And you don’t have to be a millionaire to take advantage of this strategy. A $500K nest egg will create a still appetizing $42,839.91 in annual income. A delectable dividend meal.
22 Safe Payers for $42,839.91 in Dividends ?Source: Income Calendar
The important thing is that these yields are safe, which creates stability for the stock (and fund) prices attached to them. We want our income, with our principal intact. It’s really the only way to retire comfortably, without having to stare at stock tickers all day, every day.
Now, many blue-chip yields are safe, but small. They just need to hit the gym and bulk up a bit. Here’s how we take perfectly good yet modest dividends and make them into braggarts.
Step 4: Supersize Those Yields
Mastercard (MA) is a near-perfect dividend stock. Its payout is always climbing, nearly doubling over the last five years. (MA shareholders, you can thank every business that accepts Mastercard for your “pennies on every dollar” rake.)
Tap, tap, tap. Remember cash? Me neither. Another 2020 casualty, with Mastercard making a few dimes or dollars on every plastic transaction.
The cashless tsunami has been in motion for years, but international growth prospects remain huge! Just a few years ago, 80%+ of transactions in Spain, Italy and even tech-savvy Japan were in cash. We expect more dividend hikes as global cash morphs to plastic and Mastercard benefits.
The only chink in MA’s armor? Everyone knows it is a dynamic dividend stock. Investors keep bidding it higher, knowing that the next dividend raise is just around the corner. That’s why it only yields 0.6% and rarely more.
So, the compounding of those hikes makes MA a great stock for our kids and grandkids. You and I, however, don’t have the time to wait for 0.6% to grow. And $3,000 on our $500K nest egg simply won’t get it done—to say the least!
Let’s instead consider top-notch closed-end fund (CEF) Gabelli Dividend & Income Trust (GDV), managed by legendary value investor Mario Gabelli. Mastercard is Gabelli’s largest holding. But we income investors would prefer GDV because it boasts a nifty 6.1% dividend, paid monthly.
Not only that, but thanks to its obscurity, we have an opportunity to buy Mario’s portfolio for just 89 cents on the dollar. Yup, GDV trades at an 11% discount to its net asset value, or NAV. It’s a great way to boost MA’s payout and snag a discount, too.
Where does this discount come from?
CEFs have fixed pools of shares, so emotion can (and does) drive their prices below their NAVs, or “fair” values (the value of their holdings minus any debt). That’s when we contrarians step in to buy underrated CEFs at generous discounts. We never “pay full price!”
GDV holds other blue-chip dividend payers alongside MA, such as Microsoft (MSFT) and JPMorgan (JPM). These stocks have soared over the past year, but with GDV, we have an opportunity to purchase them at an 11% discount.
These high-quality stocks wouldn’t normally qualify for our “retire on $500K” portfolio because everyone in the world knows they are nice long-term investments. Even though these companies consistently raise their dividends, investor demand for the stocks keeps their prices high and current yields low. They never meet our current yield requirement.
GDV does. Its monthly dividend adds up to a 6.1% annual yield.
But Brett, 6.1% ain’t 8%. Good point, so let me give you one more idea. Eaton Vance Tax-Managed Global Diversified Equity (EXG) is another CEF with a similar blue-chip dividend portfolio. But EXG generates even more income than GDV by selling covered calls on the shares it owns. More cash flow means a bigger dividend—and EXG pays a solid 8.1%!
So, do we buy and hold EXG and GDV forever, collecting their monthly dividends merrily along the way? Not quite.
In bull markets, these funds are great. But in bear markets, they’ll chew you up.
Step 5: Protect That Principal!
My CIR readers will fondly recall the 15 months we held GDV and EXG, collecting monthly dividends plus price gains that added up to 43% total returns.
What was happening in that time period? The Federal Reserve printed money like crazy. Yes, it did stoke inflation, but we enjoyed a more-than-offsetting boost in asset prices.
Starting in 2022, we had the opposite situation. The stock market was topping, and we didn’t want to fight the Fed. We sold high and avoided losses on the other side:
EXG and GDV: Dropped 13% After We Cashed In
For whatever reason, “market timing” is a taboo phrase among long-term investors. That’s a shame because it is quite important. By aligning our dividends with the market backdrop, we can protect our principal from bear markets like we saw back in 2022.
Step 6: Start Here to Retire on $500K
“Tried and true” money advice—like the 60/40 portfolio and the 4% withdrawal rule—have been properly exposed as broken. Good riddance!
Half year results to 30 June 2026, Net Asset Value and Dividend Announcement
Greencoat UK Wind PLC today announces the half year results for the period to 30 June 2026.
Greencoat UK Wind PLC is the leading listed renewable infrastructure fund, invested in UK wind farms. The Company was designed for investors, from first principles, to be simple, transparent and low risk. Its aim is to provide investors with an annual dividend that increases in line with CPI inflation while preserving its long term value by reinvesting surplus cash flow. The Company has to date paid £1.5 billion in dividends to its shareholders and generated a further £1.1 billion of excess free cash to invest in new assets.
The Company enables investors to own a direct stake in UK wind farms, so increasing the resources and capital dedicated to the deployment of renewable energy capacity needed to meet forecast growth in UK electricity demand.
Performance
· The Group’s investments generated 3,003GWh of renewable electricity (HY 2025: 2,567 GWh), 4.9 per cent above budget
· Strong net cash generation (Group and wind farm SPVs) of £222 million (HY 2025: £163 million), benefitting from strong generation and realised power prices
· Half year dividend cover was 1.9x (HY 2025: 1.4x)
· Full year net cash generation on course to be towards the top end of £350 – 410 million 2026 guidance
Net Asset Value and Debt
· The Company announces that its unaudited Net Asset Value as at 30 June 2026 is £2,895 million (134.1 pence per share). The Company’s June 2026 Factsheet is available on the Company’s website, www.greencoat-ukwind.com.
· Aggregate Group Debt was £2,070 million, representing a reduction of £56 million across the period.
· The Company has refinanced its £200 million 2026 debt maturities with new long-dated facilities, expiring between 2032 and 2034, provided by its existing lending group.
Capital Allocation
· The Company has announced its 2026 dividend target of 10.7 pence per share, the thirteenth consecutive inflation linked increase, has declared total dividends of 5.36 pence per share with respect to the period and paid a dividend of 2.59 pence per share with respect to Q4 2025 in the period.
· The Company continues to evaluate a range of investment opportunities, with a focus on selective transactions that enhance risk adjusted portfolio returns.
Commenting on today’s results, Lucinda Riches, Chairman of Greencoat UK Wind, said:
“The first half of 2026 has seen strong operational and financial performance. Generation was ahead of budget, net cash generation was robust and dividend cover was 1.9x. The Company also continued to strengthen its balance sheet through debt repayment and the successful refinancing of its 2026 debt maturities. The Board remains focused on maintaining a disciplined approach to capital allocation while continuing to assess investment opportunities to support long-term shareholder value.”
Dividend Announcement
The Company also announces a quarterly dividend of 2.68 pence per share in respect of the period from 1 April 2026 to 30 June 2026.
2 “Lonely and Uncomfortable” Dividends up to 12.3% We Love (One More Than the Other)
Brett Owens, Chief Investment Strategist Updated: July 28, 2026
When the world is burning—as it feels like it is now—it pays to remember the words of Howard Marks, the smartest money manager most people have never heard of.
The essence of Marks’s approach is contrarian thinking. In Chapter 11 of his excellent book, The Most Important Thing: Uncommon Sense for the Thoughtful Investor, he writes:
The ultimately most profitable investment actions are by definition contrarian: You’re buying when everyone else is selling (and the price is thus low), or you’re selling when everyone else is buying (and the price is high).
But he admits this isn’t easy: “These actions are lonely and uncomfortable.”
Lonely? Uncomfortable? That’s exactly how corporate-bond buyers feel these days!
We’re not just tipping our hats to these brave “loners.” We’re joining them with two “tossed-in-the-bin” bond closed-end funds (CEFs) paying up to 12.3%!
Rates Up, Bonds Down—But Something’s Got to Give
If you’ve been investing for income for a while, you likely know the golden rule of Bondland: When rates rise, bond prices fall (and vice versa). It’s simple—too simple, in fact! And it’s precisely why bonds are on the outs now.
The Iran conflict is flaring. Oil (the engine of inflation) is spiking. And even Fed chair Kevin Warsh—appointed, remember, to cut rates—can’t seem to hold back the tide. Futures markets tell the tale: A year from now, they see two Fed rate hikes in the bag—and potentially more.
Source: cmegroup.com
I know. This does not sound like the best bond-buying setup. But here’s the thing: Everybody knows it. The mainstream crowd—folks Marks calls “first-level investors” because they buy and sell on headlines—has already sold.
That’s fine for us “second-level” thinkers who dig deeper: It means the bad news is priced in. It also means it won’t take much for these funds’ discounts to reverse course and shrink.
The bottom line? Now is the time to buy.
To see what I’m getting at, consider the discount on the PIMCO Corporate & Income Opportunity Fund (PTY), one of the biggest corporate-bond CEFs.
As I write, PTY trades at a 2.7% premium to net asset value (NAV). That doesn’t sound cheap, but thinking any premium means a fund is pricey is another first-level blunder. With PIMCO funds, premiums—particularly big ones—are normal because of the company’s cachet in the CEF space.
Over the last five years, PTY has traded at a 20% (!) premium, on average. Take a look at this chart, showing its path to the bottom of the bargain bin:
PTY Is Cheaper Than It’s Been in 11 Years
This is a chart of PTY’s premium since its launch in 2002. As you can see, it’s cheaper than it’s been since 2015—and far cheaper than it was in 2022, when rates soared on the heels of an inflation rate that streaked to 9%!
Even the most extreme forecasts don’t put us near that today. And PTY’s overdone premium-drop, despite that fact, is the first reason why the fund looks attractive now.
Then there’s the dividend. As I write this, PTY pays 11.9 cents per share, per month, for a hefty 12.3% yield.
Other than a slight adjustment, from 13 cents to 11.9 during the pandemic, that payout held steady, with the odd special dividend (the spikes and dips in the chart below), too:
PTY generates that income by handing its managers a wide mandate to scour the credit markets. The result is a portfolio that’s 59% US-based and mostly in high-yield bonds (29% of assets), non-US developed markets (16%) and emerging markets (17%).
The team at the top has also focused on bonds with a leverage-adjusted duration of 4.2 years. That’s a good place to be—long enough to rise significantly as rates fall, but not so long as to hurt substantially if rates surprisingly head higher than expected.
As I just hinted at, the fund does juice its returns by borrowing against roughly 29% of its assets. That’s modest and, again, will provide a tailwind as rates fall and PTY’s borrowing costs decline.
And yes, I do still see lower rates in the longer run. Let’s talk about that more before we move on to another corporate-bond CEF we like even more than PTY.
On the Interest-Rate Front, AI Beats Iran
When it comes to rates (or anything in investing), things rarely go in a straight line.
Despite the recent escalation in Iran, this conflict will eventually draw to a close. None of the participants in the conflict can afford any other outcome. Then there’s Warsh, who, as I mentioned earlier, Trump has charged with cutting rates. You can bet that as soon as the data allows him to justify such a move, he’ll push for it.
Third (and more important) is AI, which provides a sweeping level of automation to white-collar work that is highly deflationary.
In the 1990s, the Internet acted as a similar “deflator” on prices. The move from snail mail to email and from fax machines to web browsers made businesses wildly more efficient, which kept a lid on consumer prices—and a floor under bond prices. They rallied throughout the decade.
If rate cuts happen sooner, great. The discount on a buy made today will snap shut, giving us price gains on top of our double-digit bond-fund payouts. If it takes longer, fine. We’ll collect our divvies in peace (since these funds are already cheap).
Which brings me to another bond CEF I see as a savvy “second-level” buy today.
The “Bond God’s” 10.1% Payout
The 10.1%-paying DoubleLine Yield Opportunities Fund (DLY) is a holding of my Contrarian Income Report service that’s done exactly what we’ve wanted it to since we bought it in October 2021: deliver steady income.
The fund rolled down the skids at what would seem to be an inopportune time: February 2020, on the eve of the societal dumpster fire that was soon to ensue. But DLY’s manager, Jeffrey Gundlach (a.k.a. the “Bond God”) was the right manager for the time: He used the opportunity to snap up high-yielding bonds at discounts.
Since then, the fund’s dividend has been the picture of predictability, paying out steadily (and monthly) since launch, with two special dividends, to boot:
Then there’s the discount, which has also gotten cheaper over the last 16 months, dropping from a slight premium to a 7.7% markdown.
That’s way too cheap for a fund run by Gundlach, who’s got a wide mandate to scour the credit markets. The discount’s widening has also raised the yield to that sweet 10.1%.
DLY’s Discount Sends Its Dividend Higher
DLY, like PTY, is a textbook “Marks-style” contrarian play on today’s rate worries. We’re happy to grab this stout fund at a discount, and a historically high 10.1% payout, too.
This Ridiculously Cheap 12% Payer Is the “Perfect Pairing” for DLY
Let’s keep the payout party rolling by adding another fund that perfectly complements DLY. This one pays 12%, hands us payouts monthly and is also cheap, thanks to the investor temper tantrum over rates.
And take a look at this steady divvie:
Heck, it’s not just steady—it’s growing. So we’re left with a 12% payout that comes our way monthly, has grown, and regularly sends special payouts our way!
Many investors will tell you that such a thing simply can’t exist. Well, here’s the proof that they’re wrong. And with the world-class management team running this fund, we’ve got reassurance that they know how to weather any rate storm.
Since this one pays monthly, getting in now means our next payment is only a few short weeks (not months!) away.
