With any market correction in Sept. that will be significantly lower.. and yes I am a bag holder, but pre split at 40. I sold Jan. covered calls at 42.50 months ago. took a lot of critacism at the time.
I may be buying at 35, depending on the market in Sept. Have considered KO, but never bought shares, only sold puts and made profit. KO and tobacco such as LO need to change their businesses significantly, to be safe dividend stocks.
KO is not a one trick pony. It has 500 brands. Have you looked at Preferred stocks? Great return without the ethical questions. Just put it in an IRA to avoid some of the tax problems. Yes, I hold preferreds and have for years.