Coca-Cola Secures Place in Berkshire’s Core Four as Dividend Streak Hits 64 Years
Berkshire Hathaway’s incoming CEO Greg Abel designated Coca-Cola as one of its undisputed ‘core four’ perpetual holdings, bypassing Bank of America and Chevron in his inaugural shareholder letter. Coca-Cola has increased its dividend for 64 consecutive years and delivers a high yield supported by stable earnings.
1. Inclusion in Berkshire’s Core Holdings
In his first shareholder letter as CEO, Greg Abel highlighted Apple, American Express, Coca-Cola and Moody’s as Berkshire Hathaway’s ‘core’ perpetual investments, solidifying Coca-Cola’s role as a foundational holding under new leadership.
2. Strategic Omission of Major Holdings
Abel’s letter notably excluded Bank of America and Chevron—both top-five positions by market value—signaling a shift toward a more concentrated equity strategy focused on long-term compounding.
3. Record Dividend Streak and Yield
Coca-Cola has raised its dividend for 64 consecutive years, yielding approximately 3.0% on its current payout, underpinned by consistent global beverage revenues and robust free cash flow.