Coca-Cola (KO) is a very well-run company, highlighted by its status as a Dividend King. But it is also expensive, with its price-to-sales (P/S) and price-to-earnings (P/E) ratios both above their five-year averages and its dividend yield near decade lows.
Yes, it is a reliable and safe dividend stock, but it probably isn’t worth chasing an overvalued stock if you are trying to find a safe haven during the current market storm. You’ll be far better off looking at dividend stocks that are more attractively priced like these three. Here’s why.
This post originally appeared at The Motley Fool.