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Because factors including the resurgence of COVID-19 cases, high inflation, and geopolitical tensions, have led to significant market volatility, and many analysts predict a correction in the near term, investors are seeking ways to hedge their portfolios against such market movements. The ability to withstand market volatility thanks to near inelastic demand for products and consistent increases in dividends makes dividend aristocrats KO and CL well-positioned to attract significant investor attention.
While CL has declined 6% in price over the past three months, KO has advanced marginally. KO is a clear winner with 7.2% price gains versus CL’s marginal returns in terms of their past year’s performance. But which of these stocks is a better pick now? Let’s find out.
