Safety is a relative concept in the stock market. No matter how well established it is, every business is vulnerable to things like economic recessions, quality control crises, and accounting scandals. These issues don't typically arise with much warning, so investors must be willing to take on some degree of risk when owning a stock.

Yet there are companies that offer unusually high levels of safety thanks to a combination of stable sales and ample cash savings. A steadily growing dividend also helps protect returns while calming investor worries about a cash crunch impacting the business. Procter & Gamble (NYSE: PG) and Coca-Cola (NYSE: KO) easily fit in this category. Let's look at a few reasons why you might want to add these two ultra-safe dividend stocks to your portfolio today.

Procter & Gamble could be the definition of an ultra-safe stock. It dominates dozens of consumer staples categories ranging from laundry care to healthcare and diapers to detergent. That massive global sales base protects shareholders from a regional downturn, and P&G's focus on essentials means that demand won't collapse even during a sharp recession.

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Source Fool.com