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

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Coca-Cola (NYSE: KO) pays investors a reliable dividend that yields about 3% per year. That’s better than the 1.6% yield you can expect from the average S&P 500 stock. However, income investors can secure an even higher payout without taking on much more risk.

Three stocks that pay better than Coca-Cola does and that are relatively safe buys are Bristol Myers Squibb (NYSE: BMY)Royal Bank of Canada (NYSE: RY), and Verizon Communications (NYSE: VZ). They’ve all been doing well despite the COVID-19 pandemic. Here’s a closer look at their recent results and why income investors don’t need to worry about the sustainability of their payouts.

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