My 2 Favorite Dividend Stocks to Buy Right Now

By Dave Kovaleski – Mar 12, 2026 at 2:15AM ESTKey PointsThere are certain qualities to look for in a good dividend stock. Coca-Cola, the beverage company, is one of the most consistent dividend stocks you can buy. Sonoco Products has a dividend yield near 4% and is an excellent value. When seeking good dividend stocks, there are a few things to look for beyond the yield alone. In addition to yield, it is important to look for consistency, meaning the company is dedicated to raising the dividend every year without overextending or forgoing other investments. Further, good dividend stocks should have solid capital appreciation potential so they generate a robust return along with dividend income. That return can then be reinvested into the stock, if so desired, to generate an even higher return. Image source: Getty Images. There are two stocks on my radar right now that meet these qualifications. 1. Coca-Cola Coca-Cola (KO 0.32%), the well-known beverage brand, is also an elite dividend stock. It is one of only 57 Dividend Kings, which are stocks that have annually raised their dividend for more than 50 years in a row. Coca-Cola has been a Dividend King for more than a decade, with 64 straight years of dividend increases, including this year. There are only eight stocks that have longer streaks. ExpandNYSE: KOCoca-ColaToday's Change(-0.32%) $-0.25Current Price$77.63Key Data PointsMarket Cap$334BDay's Range$76.59 - $77.7152wk Range$65.35 - $82.00Volume12MAvg Vol18MGross Margin61.75%Dividend Yield2.63% Coca-Cola recently boosted its dividend to $0.53 per share, up from $0.51 in the fourth quarter. It pays out an above-average yield of 2.75%, which is more than twice the average yield on the S&P 500. The streak probably won't stop anytime soon as Coca-Cola has a sturdy growth outlook. In 2026, the company expects to grow revenue by 4% to 5% and boost earnings by 7% to 8%. Further, its adjusted free cash flow is projected to reach $12.2 billion, up from $11.4 billion in 2025. That's a key metric for dividend investors because it shows how much cash flow the company generates after all expenses and investments are accounted for. Also, Wall Street is bullish on Coca-Cola stock, as 80% of analysts rate it as a buy. It has a median price target of $86 per share, which suggests 10% upside. As a consumer staple and a high dividend payer, it should be an excellent relative performer should the market go south. 2.

Sonoco Products Sonoco Products (SON 0.09%) is one of the world's largest sustainable packaging companies, specializing in paper and metal packages and containers for both consumer and industrial uses. It also runs one of the world's largest recycling systems, making its products from recycled materials. ExpandNYSE: SONSonoco ProductsToday's Change(-0.09%) $-0.05Current Price$53.24Key Data PointsMarket Cap$5.2BDay's Range$52.47 - $53.4452wk Range$38.65 - $58.44Volume16KAvg Vol1MGross Margin21.18%Dividend Yield3.99% The company has been growing rapidly, boosting net sales by 30% in the latest quarter. It also reduced its debt by $2.7 billion in fiscal 2025. For fiscal 2026, it expects to increase sales and cash flow from operations, which should help it maintain its dividend. Sonoco Products has an excellent dividend with a high yield of 3.97%. The company also has a very comfortable payout ratio of 37%, so it is not extending to fund its dividend. Plus, it has increased its dividend for 43 straight years. Like Coca-Cola, Wall Street is bullish on Sonoco Products, with 50% of analysts rating it a buy. It has a median price target of $86 per share, which means it is expected to generate a 21% return in the next 12 months. The stock is already up 22% YTD, but with a P/E of just 9, it has plenty of room to run. Read NextMar 11, 2026 •By Prosper Junior BakinyWant Decades of Passive Income? 2 Stocks to Buy Now and Hold ForeverMar 11, 2026 •By Reuben Gregg Brewer2 Unstoppable Dividend King Stocks to Buy Right Now for Less Than $1,000Mar 10, 2026 •By Daniel SparksCoca-Cola Stock Is Crushing the Market This Year.

Is It Time to Buy?Mar 9, 2026 •By Leo SunBetter Stock to Buy Right Now: Coca-Cola (KO) vs. Altria (MO)Mar 8, 2026 •By Neil Patel2 Best Dividend Stocks to Buy Now and Hold ForeverMar 8, 2026 •By Lawrence Rothman, CFA1 Ultra-High-Yield Consumer Goods Stock to Buy Hand Over Fist and 1 to AvoidAbout the AuthorDave mainly covers financials, consumer goods, and technology stocks and ETFs. He wrote for the Fool from 2019-2023 and rejoined the Fool in 2026. In the past he's covered mutual funds and institutional investments for Pensions & Investments, personal finance for S&P, money markets and bonds for Crane Data, and stocks for ValueWalk.TMFdkovaleskiStocks MentionedCoca-ColaNYSE: KO$77.63(-0.32%)-$0.25Sonoco ProductsNYSE: SON$53.24(-0.09%)-$0.05*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.