If You’d Invested $100 in Coca-Cola’s IPO, This Is How Much Money You’d Have Now
Soft drink giant Coca-Cola(NYSE:KO) entered the public market nearly 101 years ago. The blue-chip stock has tracked just ahead of the broader market over the decades, but you won’t find many companies with this extreme longevity. Moreover, Coke has a long-standing history of returning lots of cash profits to shareholders through dividend checks and share buybacks.
Image source: Getty Images.
Splits and stock gains
A single share in the company cost $40 at the IPO on September 5, 1919. A centu…