Is This Dividend King a Buy With Its Upcoming 10% Payout Hike?
Becoming a successful investor doesn't have to be difficult: Selecting companies with an established record of putting shareholders first is the key to success.
There's no better demonstration that a company values its shareholders than when it consistently hikes its dividend. Publicly traded businesses that have done so for at least 50 years are known as Dividend Kings.
Having just announced a 10% boost in its quarterly dividend per share to $1.265 (payable in June), few companies have rewarded shareholders as much as beverage giant PepsiCo (NASDAQ: PEP). But is the stock a buy for dividend growth investors? Let's assess PepsiCo's fundamentals and valuation to decide.
Source Fool.com
