5 Best Quality Dividend Stocks to Buy

In this article, we discuss 5 best quality dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Best Quality Dividend Stocks to Buy. 

5. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 70

PepsiCo, Inc. (NASDAQ:PEP) is a New York-based food company with primary business revolving around the manufacturing, marketing, and distribution of a wide range of food and beverage products. The company has delivered consistent growth in dividend payments for 51 years straight, which makes it one of the best dividend stocks on our list. It pays a quarterly dividend of $1.265 per share for a dividend yield of 2.76%, as of July 12.

In the first quarter of 2023, PepsiCo, Inc. (NASDAQ:PEP) posted revenue of $17.8 billion, which showed a 10.2% growth from the same period last year. During the quarter, it returned $7.7 billion to shareholders through dividends and share repurchases.

At the end of Q1 2023, 70 hedge funds in Insider Monkey’s database reported having stakes in PepsiCo, Inc. (NASDAQ:PEP), the same as in the previous quarter. These stakes have a consolidated value of over $4 billion.