3 Dividend Stocks That Pay You Better Than Coca-Cola Does

As a Dividend King that has raised its payout for 57 consecutive years and running, it's no wonder that Coca-Cola (NYSE: KO) is popular with investors across a diverse range of portfolio types and investment strategies. Considering its cheap share price of less than $50 and a solid dividend yield of 3.4% that far outshines the S&P 500's average of 2%, Coca-Cola is a long-term growth stock that's tough to beat. But when it comes to dividends, Coca-Cola definitely isn't the biggest fish in the sea.

Insurer MetLife (NYSE: MET), pharmaceutical giant Pfizer (NYSE: PFE), and tobacco maker Altria (NYSE: MO) have one major thing in common. These companies all pay dividend yields that are well above average -- MetLife's dividend currently yields 5.2% for investors, while Pfizer boasts a 4.3% payout. Altria has both companies beat with a mouthwatering 9% dividend yield.

Here's what you need to know before you scoop up one or more of these companies for your basket of stocks. 

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Source Fool.com