PepsiCo Stock Just Had Its Best Day in Over 5 Years. Is The Dividend King a No-Brainer Buy Now?
Despite the recent rally, I find myself observing that Pepsi still lags behind this year, but interestingly, over the last five years, its stock has inched up by more than 6%. However, this increase doesn’t account for the substantial dividend it offers, which currently stands at about 4%. Remarkably, Pepsi has consistently increased its dividend for an impressive 53 consecutive years. This remarkable feat lands it among the elite group of companies known as Dividend Kings, a title reserved for those who have raised their dividends for at least half a century.