PEP - Pepsi Is a Rock-Solid Dividend King but So Is This Blue Chip Stock That's Down 12% in the Past 3 Months
2024-07-02 06:15:00 ET
Dividend stocks can be excellent investments to generate passive income. The best dividend-paying companies have steady earnings growth, and in turn, they increase their payouts to shareholders. The elite among them eventually may earn entry into the category of Dividend Kings -- companies that have raised their payouts annually for at least 50 consecutive years.
In addition to being a Dividend King, PepsiCo (NASDAQ: PEP) has a yield of 3.3% at its current share price -- high relative to the average yield of 1.3% for the S&P 500 . It also has a fairly recession-resistant business, which makes it exactly the kind of consistent company that many risk-averse income investors look for.
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Pepsi Is a Rock-Solid Dividend King, but So Is This Blue Chip Stock That's Down 12% in the Past 3 Months