5 Best Long-Term Dividend Stocks to Buy Now

4. PepsiCo, Inc. (NASDAQ:PEP)

Dividend Yield as of October 19: 2.63%

PepsiCo, Inc. (NASDAQ:PEP) is a New York-based multinational food, snack, and beverage company. In October, Barclays lifted its price target on the stock to $185 with an Overweight rating on the shares. The firm appreciated the company’s flexibility in the current economic environment.

PepsiCo, Inc. (NASDAQ:PEP) reported strong earnings in its recently-published earnings report. In the first nine months of the year, the company posted an operating cash flow of $6.3 billion. The company had over $6.4 billion in cash and cash equivalents, compared with $5.6 billion nine months ago. Due to its strong cash flow, the company expects to return nearly $7.7 to shareholders, comprised of $6.2 billion in dividend payments.

On July 21, PepsiCo, Inc. (NASDAQ:PEP) declared a quarterly dividend of $1.15 per share, in line with its previous dividend. The company has been raising its dividends consistently for the past 50 years, which makes it one of the best dividend stocks on our list. As of October 19, the stock has a dividend yield of 2.63%.

The number of hedge funds tracked by Insider Monkey owning stakes in PepsiCo, Inc. (NASDAQ:PEP) stood at 65 in Q2 2022, growing from 62 in the previous quarter. The collective value of these stakes is over $5.28 billion.