For investors seeking steady passive income, dividend-paying stocks are a great option. Historically, these stocks have outperformed non-dividend paying stocks. Two no-brainer dividend stocks with yields over 3% are Coca-Cola (KO) and Amgen (AMGN).
Coca-Cola has raised its dividend for 62 consecutive years and offers a 3.1% yield. The company has offset declining soda consumption with new products, including brands in the water, sports, and tea categories. Organic revenue rose 12% year over year, while adjusted earnings are expected to climb 14-15%.
Amgen has increased its dividend by 40.6% over the past five years and offers a 3.3% yield. The company’s stock price is down due to its attempts to develop an anti-obesity drug, but its overlooked product portfolio has growth drivers. Sales of its asthma drug Tezspire have soared, with annualized sales of $1.1 billion.
Both companies have a strong track record of growth and are expected to continue raising their payouts. They make a good addition to a long-term investment portfolio, offering steady passive income and potential for long-term capital appreciation.
Source: https://finance.yahoo.com/news/2-no-brainer-dividend-stocks-093600618.html