Coca-Cola Is a Rock-Solid Dividend King, but So Is This Dirt Cheap Stock That's Down 13% in the Past 3 Months

This Dividend King just raised its payout to a record high.When it comes to dividend stocks, Coca-Cola is a model of consistency, having raised its dividend for 62 consecutive years. Coke's track record for dividend raises, 3.1% yield, and recession-resistant business model make it one of the safest passive income plays out there. But there may be an even better Dividend King to buy now.Target (TGT 1.92%) has staged quite a comeback since collapsing to a three-year low in early October 2023. But the stock h ...