Investors like dividend stocks because they deliver cash flow that can be accepted as immediate income today, or that can be reinvested to amplify long-term returns. These stocks can sometimes also achieve excellent capital appreciation, on par with more traditional growth stocks.

The hard part is finding a dividend stock that's got much more going for it than just its yield. With that goal in mind, let's look at why (NASDAQ: PEP) and Procter Gamble (NYSE: PG) look attractive as income investments right now.

PepsiCo has a well-established business in a mature market, but it is still growing sales at a double-digit rate. Organic revenue jumped 14% in Q1, management revealed in April, as they raised their 2023 sales forecast. Pepsi is now expecting to boost revenue by about 8% on top of last year's 14% spike.

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Source Fool.com