KO now has a 3% yield and Grandma's very grateful.
New dividend is $1.12 per share. BRK owns 400 million shares and I believe our cost basis is around $1.2 billion which gives us a 37% yield on our original investment.
Correction-BRK has a cost basis in KO of $1.3 billion so the current yield verses cost basis is 34.4%
That will buy a lot of new IBM shares.