5 Best Recession Dividend Stocks To Buy

In this article, we discuss 5 best recession dividend stocks to buy. If you want to read our detailed analysis of dividend stocks and their past performance during recessionary periods, go directly to read 11 Best Recession Dividend Stocks To Buy. 

5. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 64

PepsiCo, Inc. (NASDAQ:PEP) is a New York-based multinational food and beverage company that specializes in the marketing, manufacturing, and distribution of its products. On April 30, the company declared a 7% hike in its quarterly dividend to $1.355 per share. This was the company’s 52nd consecutive year of dividend growth, which makes PEP one of the best dividend stocks on our list. Moreover, the company has never missed a quarterly dividend since 1965. As of May 6, the stock has a dividend yield of 3.08%.

As of the end of December 2023, 64 hedge funds tracked by Insider Monkey held stakes in PepsiCo, Inc. (NASDAQ:PEP), compared with 65 in the previous quarter. These stakes have a total value of over $4.55 billion. With over 6.6 million shares, Fundsmith LLP was the company’s leading stakeholder in Q4.