2024-07-05 03:51:00 ET
Coca-Cola (NYSE: KO) checks all the boxes of a rock-solid dividend stock. It is an industry-leading, well-known business with diversification across beverage categories and geographic markets. It is a member of the Dow Jones Industrial Average , whose 30 components act as representatives of the broader market. It is also a Dividend King with 62 consecutive years of divined increases. And it has a compelling yield at 3.1%.
Procter & Gamble (NYSE: PG) , commonly known as P&G, operates in completely different industries than Coke -- including fabric, home care, baby, feminine, healthcare, and beauty. But as an investment, P&G is very similar to Coke in that it distributes a boatload of money to investors through dividend payments.
Here's why P&G is a safe dividend stock that's worth a closer look.
For further details see:
Coca-Cola Is a Rock-Solid Dow Dividend Stock, but So Is This Dividend King That Paid $9 Billion in Dividends Over the Last Year