Why You Should Pass on This Iconic Dividend Stock

A company's dividend history is important, with a long track record of payout increases showing a strong commitment to financial stability and returning capital to shareholders.

With nearly a half century of annual dividend increases behind it, drink and snack giant PepsiCo (NASDAQ: PEP) stands among the most reliable dividend stocks on the market. Its 2.7% yield, meanwhile, is pretty generous compared to the broader S&P 500.

But there's more to the story than this -- and despite these positives, investors should tread with caution. Here's why investors should consider passing on this iconic company. 

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Source Fool.com