SmarterDividends

CCEP vs KO: Which Is the Better Dividend Stock?

As of September 2026, CCEP and KO are closely matched. KO offers the higher yield at 2.39%, KO has the higher dividend-safety score, and CCEP trades at the larger discount to fair value (+13%).

MetricCCEPKO
Forward yield2.35%2.39%
Annual dividend$2.41$2.12
Payout ratio47%62%
Years of growth3 yr55 yr
5-yr dividend growth3.1%4.5%
5-yr total return89%57%
Dividend safety score57 (C)92 (A)
Fair value estimate$112.51$53.07
Upside to fair value+13%-40%
Frequencysemiannualquarterly
Market cap$43.9B$379.0B
P/E ratio19.226.5

Higher yield

KO

2.39%

Safer dividend

KO

Grade A

Faster growth

KO

4.5%

Better value

CCEP

+13% upside

CCEP vs KO — FAQ

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