The coca cola company, Walmart store, are two of the stocks market's gem that must be included in any big portfolio.
Coca cola
The company has 124 years of history in which it has never missed a dividend payment. Not only has it paid a dividend each quarter since 1920, but it has also increased dividends in each of the last 54 years, making KO stock a “dividend king,” a distinction earned by those companies which have raised dividends for at least 50 straight years.
The company increased its quarterly dividend in February by six percent to $0.35 per share. At today’s price, KO stock has an annual dividend yield of 3.28%. In the past 10 years, the company’s quarterly dividend payment has more than doubled.
Walmart stores
Another important reason to make Wal-Mart a part of your top-paying dividend stock portfolio is that the company is recession-proof due to its unrivaled power of getting the best prices from its suppliers and selling products which are consumers are unlikely to stop buying in the event of a spending cut. WMT stock has proven over many recessions that it can beat the market by a big margin, as consumers turn to discount retailers on the first sign of recession.
