3 Dividend Stocks That Pay Better Than Coca-Cola

For many, the stock of Coca-Cola (NYSE: KO) has long been a safe-haven stock due to its unbeatable brand, unmatched distribution, high-margin business model, and excellent management. Yet after several years of stagnation, the stock appreciated 28.4% over the past year. After its recent run, Coke's P/E ratio has soared to 31.7, and its dividend yield has fallen to 2.8%.

For dividend investors looking for a higher payout and cheaper valuation, here are three solid picks that all sport yields over 4% and trade at valuations much lower than Coca-Cola's.

Dividend picks like these offer solid dividends of 4% or higher. Image source: Getty Images.

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Source Fool.com