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Best Dividend Stock: 3M vs. Coca-Cola

Investing in dividend stocks is a fantastic way to increase your passive income.

By Parkev Tatevosian, CFA – Aug 21, 2023 at 11:45AM EST

Fool.com contributor Parkev Tatevosian compares 3M (MMM +1.19%) and Coca-Cola (KO +0.96%) to determine which is the better buy for passive income investors.

*Stock prices used were the afternoon prices of Aug. 18, 2023. The video was published on Aug. 20, 2023.

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
TMFParkev
X@TMFParkev

Parkev Tatevosian, CFA has positions in 3M. The Motley Fool recommends 3M and recommends the following options: long January 2024 $47.50 calls on Coca-Cola. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Coca-Cola Stock Quote
Coca-Cola
NYSE: KO
$77.82
(+0.96%)+$0.74
3M Stock Quote
3M
NYSE: MMM
$150.85
(+1.17%)+$1.75

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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