The market is still near all-time highs, but that doesn't mean you can't find some stocks that investors have been placed on the sale rack. High-yielding Vici Properties (VICI -1.44%) is down nearly 15% from its 52-week high, as are Dividend Kings Coca-Cola (KO 1.43%) and Hormel Foods (HRL 1.00%).

That said, each story here is a little different. Here's why this trio of dividend stocks is worth a closer look today.

1. Vici Properties has a very long growth runway

Real estate investment trust (REIT) Vici Properties is arguably focused on experiential properties. But well over 95% of its rents come from its casino assets, so it's probably most appropriate to think of it as a casino REIT. That's a concentration risk, for sure, but the casino industry is pretty robust.

Notably, Vici Properties sailed right through the coronavirus pandemic when many of its tenants were shut down. The REIT even managed to increase its dividend during that very uncertain time.

What's really interesting is that Vici has an over 40-year-average remaining rent term with its tenants. On top of that, 90% of its rent roll is covered by leases with CPI-linked rent increases.

While the REIT's portfolio is highly focused, it appears to be focused on a good sector and has important long-term protections built in. The stock drop has pushed the dividend yield up to a well-above-market 5.8%. Even conservative investors should consider Vici Properties if a large and reliable stream of income is the goal.

2. Dividend King Coca-Cola is fairly priced

While many investors won't know Vici Properties, just about everyone in the world knows Coca-Cola. It's one of the largest beverage companies in the world, and its namesake brand is the leading soda brand globally. It sells a host of other beverages, too, including coffee, sports drinks, and energy drinks.

The company's success is highlighted by its status as a Dividend King, a highly elite group of companies that have increased their dividends annually for at least five decades. Coca-Cola's 62-year dividend streak wasn't an accident because it's a well-run company. The yield today is roughly 3.1%.

That said, Coca-Cola's yield is about middle of the road over the past decade compared to others. Thus, it's hard to suggest this stock is on the deep-discount pile. Meanwhile, its price-to-sales ratio and price-to-earnings ratio are both below their five-year averages, but not by a huge amount.

The end result appears to be a reliable dividend stock with an above-market yield that's fairly priced, if not a little cheap. Getting a decent deal on a company like Coca-Cola is probably a good outcome for most long-term investors. That's doubly true if dividend consistency is paramount for your portfolio.

3. Hormel is priced like a special-situation stock

Hormel is also a Dividend King hailing from the consumer staples sector, but in this case, its stock is trading with a historically high yield of 3.6%. That's near the highest levels in recent history.

While the stock is down around 15% from its 52-week high, it's off by more than 40% from the three-year high water mark it hit in early 2022. Of the three stocks here, this is the one that investors feel most negative about.

To be fair, the market is treating Hormel like a turnaround stock because it's facing a host of problems today. The list includes trouble passing rising costs on to consumers, a slow pandemic recovery in China, avian flu, and weakness at its Planters business, a product line that Hormel only recently acquired.

There's no quick fix to any of these issues, though there's no particular reason to believe that Hormel won't be able to deal with them all in time. The company's strong track record of product innovation suggests that it will muddle through three of the four.

New and improved products can make enacting price increases easier, draw in customers even in weak regional markets, and get a struggling product line back on track. Avian flu is the remaining tough spot, but that's just a part of the turkey market that every industry participant has to deal with, so it isn't a Hormel-specific problem.

Stepping in to buy Hormel today probably won't be something that a risk-averse investor will be comfortable doing, but it's a historically well-run company with a great track record of rewarding investors with dividend growth over time. It might be worth stepping outside your comfort zone for this one, even though it looks like something of a turnaround play today.

Even in an expensive market, there are usually some buys to be found

While the soaring value of the overall market is hard for value investors to stomach right now, a little digging will reveal that there are still some attractive opportunities in the dividend space. Vici is a highly focused business offering a sizable yield and has a strong platform for future dividend growth. Coca-Cola is an iconic Dividend King with a decent yield and fair valuation. Hormel is priced like a turnaround stock, a fact that will probably interest long-term investors willing to cope with some near-term volatility to add a historically high yield to their portfolios.

If you have $1,000 or $100,000 to invest, each of these stocks is worth a deep dive while they still look like they're on sale.