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JNJ - Buy PepsiCo A Dividend Aristocrat With Solid Growing Income
Johnson & Johnson
PepsiCo (PEP), one of the largest manufacturer and distributor of snack food and beverages, is a buy for the conservative dividend growth investor. PepsiCo has steady growth and has plenty of cash, which it uses to buy bolt-on companies and increase the dividend each year. With a moderate earnings beat in the last quarter Mr. market liked it. I think this is an opportunity to buy a great defensive company if you do not have a position in the company. PEP is 0.6% of The Good Business Portfolio, my IRA portfolio of good