5 Best Dividend-Paying Beverage Stocks to Buy Now

2. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 72

Dividend Yield as of May 26: 4.05%

PepsiCo, Inc. (NASDAQ:PEP) engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide.

On May 7, PepsiCo, Inc. (NASDAQ:PEP) increased its quarterly dividend by 4% to $1.48 per share. The dividend is payable on June 30 to shareholders as of the June 5 record. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2026 marked the company’s 54th consecutive annual payout increase, helping it retain its prestigious title of a dividend king. Moreover, with an impressive annual dividend yield of 4.05%, PEP was also recently included in our list of the 10 High Yield Stocks for a Lasting Retirement Income.

The move comes after PepsiCo, Inc. (NASDAQ:PEP) exceeded expectations in its Q1 2026 report last month, supported by the company’s price cuts for salty snacks in the US ​and resilient demand for diet sodas. PepsiCo also reaffirmed its full-year 2026 guidance, with the company expecting organic revenue to ⁠increase between 2% and 4% and core constant currency EPS to grow 4% to 6% compared to last year.

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