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Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022

How to buy Coca cola shares in Nigeria

Investing has been the one vital thing everyone in his young age would want to do, especially when it comes to buying shares. If you are looking for the best non-alcoholic drink company to invest in, buying shares from Coca Cola company Nigeria is the best sector I would recommend today.

We recently published an article on how to buy Facebook shares from Nigeria, you can do well to check it out.

Note that, Coca Cola Shares in Nigeria can be purchased through a Direct Stock Purchase and Dividend Reinvestment plan which is sponsored and administered by Computershare Trust Company, N.A. but then you need a clear understanding on shares price and dividends using the Investment calculator to maximize profit and also be able to buy Coca cola stock directly.

To sell or buy shares from Coca-Cola Company, one needs to follow appropriate procedures to avoid loss of investment and time. This article gives a clear direction and information on how to buy coca cola shares in Nigeria using the coca-cola direct stock purchase plan and other approved methods available.

How Much Does It Cost To Invest In Coca-cola

Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022
Cost to invest in Coca Cola Nigeria

How much is Coca Cola shares in Nigeria: To purchase the stock in 2018, Coca cola shares cost about $40 to start investment in Nigeria. According to Alex Koh, founder at MooMooCoo, he mentioned that he would personally invest at least $5200 or 124 shares because auto dividend reinvestment by his broker is 1%. If he rebuys shares individually it would cost $20 regardless of the number of shares.

The dividend is about $0.35 cents per share per quarter. With 124 shares he’ll get about $43 and this will be automatically reinvested at the current price of $43. Technically he should invest $6000 to allow for cover in case the price goes up. But this was way back in 2018, the minimum cost to invest in coca-cola shares for 2022 is $50. Now that you know the cost of purchase, let’s quickly get to know how to buy coca cola shares in Nigeria.

How To Buy Coca Cola Shares in Nigeria

Coca cola market shares in Nigeria are quite affordable to purchase because they are worth it and the good news is that you can get yours online as easily as possible.  So what are the steps of buying Coca Cola Company shares?

1. Finding a Broker that Fits Your Location

When trying to purchase shares from the coca-cola company, getting a good broker is the first step you must put in mind. 

Get to know which markets the broker can access for trading because not all brokers can help you buy shares or stocks especially when you are based in Nigeria. You ought to know if you can open a brokerage account with this company because of your citizenship status. You can follow here to get a list of Online broker in Nigeria.

Furthermore, don’t forget to always check the commissions and fees that are being charged by the company for trading or buying. If you are confused about choosing the best broker for buying your shares, you can follow here to see an automated option of getting one that would suit your budgeting by using the find my broker automatic system.

We recently published an article on how to buy Facebook shares from Nigeria, you can do well to check it out.

2. Opening and Funding your Nigerian Brokerage account

When you’ve successfully found a Nigerian supported broker that suits you, next is opening an account which is basically an online process.

Some brokers make it as simple as opening a new Gmail account, while others require a couple of days before conducting a background check on you. Instead of storing money on it, you will store Coca Cola Company shares on it, so you will definitely need this to buy and store Coca Cola Company shares.

Next is to fund your account. In order to purchase Coca Cola Company stocks, you must first fund your account. This is usually very simple and quick, even easier than opening a brokerage account.

Bank transfers and credit/debit card deposits are the most common methods of deposit. 

Some brokers allow you to deposit funds into your investment account using electronic wallets such as Paypal, Skrill, webmoney, and MoneyGram, among others, though PayPal is not currently available in Nigeria.

3. Knowing what are Coca Cola Shares Worth

Getting to know the worth of the kind of shares you want to buy is a good start for investment. You must know if you’re going to lose or gain,but thank goodness Coca Cola Shares is a good stock that’s worth buying in 2022.

Here’s why!

As of the time of writing this article, a coca cola share is worth 65.19 USD. Recently the Coca-Cola Company reported its first-quarter for 2022 results today 25th of April.

Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022
Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022 8

The Coca-Cola Company’s Chairman and CEO, James Quincey said, “We are pleased with our first-quarter results as our company continues to execute effectively in a highly dynamic and uncertain operating environment,” said.

“We remain committed to our mission and remain in close contact with our customers. We are confident in our full-year guidance, and we are well-positioned to win in a variety of environments as we continue to fuel strong top line momentum and create value for our stakeholders.”

Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022
Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022 9

With all this explanation, you would actually make a good profit from this company.

4. Buying The Coca Cola Company Share

After following all the steps mentioned above,next is to log in to your online brokerage account, search for Coca Cola Company shares, enter the number of shares you want to buy, and click buy to complete the transaction (in trading lingo: execute the buy order).

When placing an order, you have the option of selecting one of several order types. The market order purchases the share at the current market price, whereas the limit order allows you to specify the exact price at which you want to purchase the share.

5. Keeping an Eye and Monitoring your Investments

If you purchased the Coca Cola Company share with the intention of holding it for a longer period of time, you might attend the annual meeting and gather all of the company’s news and information.

Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022
Keep monitoring Investment

If you intend to sell it soon after the price rises, you may want to use different position management tools. For example, you can set the target price at which you want to sell the share for a profit, or you can use the stop-loss price to set a price at which you want to sell the share to avoid further losses.

Now that you’ve gotten to know how to purchase Coca Cola Shares in Nigeria using the Brokerage account method, let’s quickly see an alternative to that. Here we’ll consider getting to know how we could purchase Coca Cola stock directly.

How To Buy Coca Cola Stocks Directly In Nigeria without Broker

Buying the Coca Cola shares can be purchased from a direct stock purchase and dividend reinvestment plan which is sponsored and administered by Computershare Trust Company. 

Here are some steps to follow when buying stocks directly.

Step 1. Log on to Computershare’s website

Computershare Limited is an Australian stock transfer company that provides corporate trust, stock transfer and employee share plan services in different countries.

Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022
Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022 10

They are recognized as a global leader in transfer agency, employee equity plans, ​mortgage servicing, proxy solicitation, stakeholder communicatio​ns and more. With this platform you can buy the Coca-cola share completely on a cheap plan.

Step 2. Login or Create an Account

Computershares allows you to create a free account from anywhere in the world. With this, you’ll be given the go ahead to buy shares directly.

Step 3. Make a stock purchase

After signing up you’ll be given a direct link to purchase stock shares.  There you’ll see a list of available stock shares up for purchase. But then, we have to check for Coca cola shares that are Available or select a company to invest in.

Next is to go to the search space and input either ‘KO’ or ‘Coca-cola’ as a keyword. 

Invest Cheap KO Shares: How To Buy Coca Cola Shares In Nigeria 2022

And you’ll be shown available coca cola company shares to invest in, choose your preferred one and follow procedures.

The Coca-cola company share plan is of two phases. The new shareholders and Existing Shareholders.

New Shareholders

One time payment$500
Recurring payments$50
Minimum payment per month$50 for at least 10 month

Existing Shareholders

One time $50

Recurring $50

Minimum shares required to enroll  is 1

Maximum Investment $250,000 Yearly

Step 4. Start Investment

Now is to buy your Coca Cola shares by clicking on the invest now button and you’ll be redirected to where you can purchase your own part of the stock. So here’s how to buy coca cola stocks directly in Nigeria without a broker.

Factors to consider before buying shares from coca cola nigeria

There are certain factors that ought to be considered before you plan to purchase any shares either from Coca Cola or anywhere else. You are not simply purchasing a stock; you are becoming a shareholder of that company, so as an investor, you must conduct proper research.

So what are these factors

  1. Check for Time Horizon
  2. Investment Strategy
  3. Check Fundamentals before buying a stock
  4. Shares Performance compared to its peers
  5. Shareholder Pattern
  6. Mutual Funds Holding
  7. Size of the Company
  8. Company’s Dividend History
  9. Volatility
  10. Revenue Growth

These 10 factors should be considered before placing any stake on shares. When you decide to buy a stock for investment purposes, you must do your homework because you are investing your hard-earned money. When purchasing a stock for the long term, your goal should be to find good value.

Coca-cola Investment Calculator

Coca-Cola investors who bought one year ago and held on have generated an impressive return on their investment. The coca cola investment calculator is used to estimate the total profit one could get if he purchased a certain amount of stock at a particular time of the year.

This calculator is good to maximize the profit to expect, although it might not be accurate as all results are estimated. The calculator can look into the future,it only gives you data for current shares, original value, current value and percentage returns. You can follow here to use the coca cola investment calculator.

Frequently Asked Questions

Here are some frequently asked questions that might also help you skyrocket your profit.

What is Coca-Cola nigeria share price

The price of purchasing share varies with time. In addition, I’d you are using the Brokerage account method you’ll have to invest with the minimum amount your broker accept. But on direct investment, you’ll get an initial deposit of $500 as a new member and a recurring payments of $50.

How to buy coca-cola stock directly in Nigeria

Buying the Coca Cola shares can be purchased from a direct stock purchase and dividend reinvestment plan which is sponsored and administered by Computershare Trust Company. 

Is Coca-Cola stock a good investment?

It is a good investment in 2022 because shareholders have enjoyed decades of dividend payments that increase every year. Coca-Cola is a Dividend King that has increased its payout for 60 consecutive years, one of the longest streaks of any public company.

Conclusion

Recently, Coca Cola Co. stock outperforms market despite losses on the day. Purchasing some shares would be a very good investment. Guess this tutorial has been able to help you understand how to buy Coca Cola Shares In Nigeria even without a broker.

Don’t forget to share this article with your friends to enable them invest or purchase shares like this. Would you like to also read on how you can buy shares from Facebook? You can follow the link.

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