Dividend Stock Portfolio For Income: 12 Stocks to Buy Now

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8. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 68

PepsiCo, Inc. (NASDAQ:PEP) drew attention on Sept. 2 when activist investor Elliott Investment Management revealed a $4 billion position in the snack and beverage leader, representing about a 2% ownership stake.

Shares of PepsiCo, Inc. (NASDAQ:PEP) have slipped nearly 6% since the beginning of 2025, reflecting stalled earnings growth and limited momentum in recent quarters. Elliott’s move has fueled speculation, but the broader investment case hinges more on what the company could achieve going forward rather than its current performance. As a result, some investors may choose to remain cautious and adopt a wait-and-see stance.

In this environment, PepsiCo, Inc. (NASDAQ:PEP)’s dividend offers relief to income investors. The company is a Dividend King, having raised its dividends for 53 consecutive years. It currently offers a quarterly dividend of $1.4225 per share and has a dividend yield of 4.02%, as of September 18.

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