That being said, I have added another great company to the dividend scythe. This month's grab is a new position in Coca Cola Co. (KO). I have been wanting to open a position in Coca Cola for a very long time but I had a few other companies that I wanted to grab first while the price came off the high that it was sitting at for the last few months. Now that it has positioned itself much lower, it was ripe for the picking. It's a household name that would be very tough to dethrone. Even though Pepsi Co. (PEP) is in my opinion, a better holding, I had to work with what was timed right for purchase.
Here is a summary of the purchase:
Purchased 23 shares of KO @ $42.71/share
Total Purchase: $992.53
Additional Dividends Produced: $32.20
New Projected Total Annual Dividend Income: $447.62