15 Best Dividend Paying Stocks to Buy Right Now

12. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 72

PepsiCo, Inc. (NASDAQ:PEP) is a global beverage and convenient food company. Its operations are organized into several segments, including PepsiCo Foods North America (PFNA), PepsiCo Beverages North America (PBNA), International Beverages Franchise (IB Franchise), Europe, Middle East and Africa (EMEA), Latin America Foods (LatAm Foods), and Asia Pacific Foods.

One of the more notable developments at Pepsi right now is its effort to win back customers. The company recently reduced prices on many of its beverage and snack products by as much as 15% after facing pressure from activist investor Elliott Investment Management.

The move ran against the broader industry trend and carried some risk. Even so, the company’s most recent quarterly results suggest the strategy may be gaining traction.

PepsiCo, Inc. (NASDAQ:PEP) also stands out for its long history of rewarding shareholders. It is a Dividend King, a designation given to companies that have increased their dividends for more than 50 consecutive years. For investors focused on generating income, Pepsi remains a compelling portfolio consideration.

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