Pepsi Is a Rock-Solid Dividend King, but So Is This Blue Chip Stock That's Down 12% in the Past 3 Months
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 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.
Source Fool.com