Prediction: PepsiCo's Dividend Yield Just Peaked at 4.4% Because the Dividend King Stock Is Too Cheap to Ignore
It's been a rough go of it for PepsiCo (NASDAQ: PEP) investors lately. The stock is hovering around a five-year low and is down over 27% in the past year.Despite the downward pressure on the stock price, Pepsi has continued to raise its dividend like clockwork. Earlier this month, it boosted its quarterly payout to $1.4225 per share or $5.69 per year -- marking the company's 53rd consecutive annual dividend increase.Pepsi stock now sports a forward yield of 4.4% -- the highest ever. Here's why I think its yield just peaked and why the dividend stock is a no-brainer buy now.Continue reading
It's been a rough go of it for PepsiCo (NASDAQ: PEP) investors lately. The stock is hovering around a five-year low and is down over 27% in the past year.
Despite the downward pressure on the stock price, Pepsi has continued to raise its dividend like clockwork. Earlier this month, it boosted its quarterly payout to $1.4225 per share or $5.69 per year -- marking the company's 53rd consecutive annual dividend increase.
Pepsi stock now sports a forward yield of 4.4% -- the highest ever. Here's why I think its yield just peaked and why the dividend stock is a no-brainer buy now.
