TGT - Coca-Cola Is a Rock-Solid Dividend King but So Is This Dirt Cheap Stock That's Down 13% in the Past 3 Months
2024-06-23 09:45:00 ET
When it comes to dividend stocks, Coca-Cola is a model of consistency, having raised its dividend for 62 consecutive years. Coke's track record for dividend raises, 3.1% yield, and recession-resistant business model make it one of the safest passive income plays out there. But there may be an even better Dividend King to buy now.
Target (NYSE: TGT) has staged quite a comeback since collapsing to a three-year low in early October 2023. But the stock has cooled off recently, falling 13% in the past three months. Here's why Target isn't out of the woods yet, why the dividend stock could remain under pressure, and why it is ultimately worth buying now.
Image source: Getty Images.
For further details see:
Coca-Cola Is a Rock-Solid Dividend King, but So Is This Dirt Cheap Stock That's Down 13% in the Past 3 Months