3 Dividend Stocks That Pay Better Than Coca-Cola

Coca-Cola (NYSE: KO) is hands down one of the most widely recognized global companies, and remains one of the most sought-after dividend stocks. Not only does Coca-Cola boast its powerful namesake brand, but its impressive portfolio also includes well-known names such as Minute Maid, Powerade, Smartwater, and Vitaminwater, among many others. And it has a dividend that was increased earlier this year for the 57th consecutive year -- quite the track record. While there aren't many companies that can match the scale and brand power of Coca-Cola, here are three companies that will at least pay you better than it does: Philip Morris International (NYSE: PM), Kellogg (NYSE: K), and Brookfield Infrastructure Partners (NYSE: BIP).

Jeremy Bowman (Philip Morris International): Some say sodas are the new cigarettes, given bureaucrats' increasing penchant for taxing and regulating the sugary stuff. But Coca-Cola investors may want to consider old cigarettes instead, namely Philip Morris, the international tobacco giant and purveyor of Marlboro and the heat-not-burn product IQOS.

Its hard to find a better dividend payer in the consumer sector than Philip Morris, with its 5.5% dividend yield, nearly double that of Coke's 3.1%. Going back to its days when it was part of Altria, the cigarette vendor is a Dividend Aristocrat and one of the best-performing stocks over the end of the 20th century and beginning of the 21st, according to some measurements.

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