1 Magnificent S&P 500 Dividend Stock Down 16% to Buy and Hold Forever
Are you on the hunt for a new "forever" dividend stock? If so, you've probably already stumbled across beverage behemoth Coca-Cola (NYSE: KO). The company's not only paid dividends like clockwork for decades now, but has also raised its annual dividend payout every year for the past 62 years. You could certainly do worse than plugging into this blue chip ticker while it's yielding just a tad over 3%.
You could also do a little bit better, however. Shares of rival (NASDAQ: PEP) offer a slightly higher dividend yield at this time, while the stock itself may offer more upside potential.
Don't freak out if you already own a stake in Coke. You'll be fine. It's a proven player, too.
Source Fool.com
PepsiCo Inc. Stock
€159.26
0.100%
The stock is an absolute favorite of our community with 22 Buy predictions and no Sell predictions.
With a target price of 174 € there is a slightly positive potential of 9.26% for PepsiCo Inc. compared to the current price of 159.26 €.
