Chevron, UPS, and Coca-Cola Offer Strong Dividends for Defensive Investors
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Chevron's dividend yield is currently 4%, over double the S&P 500's 1.5% yield. It recently raised its dividend by 8% and bought back record amounts of stock.
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UPS currently yields 4.4%, much higher than historic levels due to the stock falling recently. Though results may get worse in the near term, it could be a great turnaround play.
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Coca-Cola just announced its 62nd consecutive annual dividend increase. Its business is recession-resistant and dependable regardless of market conditions.
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These stocks likely won't outperform a strong bull market, but are solid long-term compounders suitable for risk-averse investors.
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Chevron, UPS, and Coca-Cola deserve consideration from investors seeking yields well above the market average.