Coca-Cola stock: should we expect dividend growth?Coca-Cola Co. reported a quarterly revenue increase of 8% to 12 billion USD and a net profit per share rise of 9% to 0.71 USD, potentially leading to future dividend growth. Considering the company's status as a dividend aristocrat, this development could become a factor for capitalisation growth.
So today, we suggest looking at the Coca-Cola Co. (NYSE: KO) stock chart.
On the D1 timeframe, support at 58.37 was broken through yesterday, 12 December, and resistance formed at 59.11. There was a tug-of-war between bulls and bears within these levels for the continuation of an upward trend. If quotes consolidate above 58.37, the stock may reach its historical maximum.
On the H1 timeframe, the first-term target for the price increase can be set at 63.28, while in the medium term, it could hover around 67.10.
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