2 Dividend Kings With Yields Over 3% to Buy Today and Hold Forever

Core Insights - The article discusses the importance of reliable dividend stocks for passive income, emphasizing that both yield and growth are crucial for investment value [1] - It highlights the exclusive status of Dividend Kings, which have consistently paid and raised dividends for at least 50 years, showcasing their resilience through various economic challenges [2] Company Analysis: Coca-Cola - Coca-Cola is the largest all-beverage company globally, generating $46.4 billion in trailing-12-month revenue and selling products in 200 countries [4] - The company has a strong distribution model and consistently innovates to meet demand, although it has faced challenges such as a 1% decline in sales and unit volume in the most recent quarter [6] - Coca-Cola's dividend yield is 3.1%, significantly higher than the S&P 500 average of 1.3%, and it has a remarkable track record of raising dividends for 62 consecutive years, making it a reliable long-term investment [8] Company Analysis: Target - Target has struggled in the current macroeconomic environment, particularly in discretionary spending, but has a strong omnichannel network that has helped it adapt [9][10] - Despite challenges, Target reported a 0.3% increase in comparable-store sales and a 2.4% increase in traffic year-over-year in the latest quarter, indicating customer engagement [11] - The company has raised its dividend annually for 53 years, with a current yield of about 3.2%, and is 47% off its five-year high, suggesting potential for recovery and growth [13]