PepsiCo (NASDAQ: PEP) has been a favorite of dividend investors for decades. The consumer staples giant, which dominates several niches in the snack food and soda industries, has paid a dividend in each of the last 56 years. And its recent 3% raise marked the 47th consecutive time that the company has increased its annual payout.
While few companies can match that dominant market position and financial track record, there are good options for investors seeking a bit faster growth and a dividend yield above that current 2.8% rate. Read on to see why Campbell Soup (NYSE: CPB), Kimberly-Clark (NYSE: KMB), and Penske Automotive Group (NYSE: PAG) meet these strict requirements.
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