2 Dividend Stocks to Buy Before They Rally
Investors like dividend stocks because they deliver cash flow that can be accepted as immediate income today, or that can be reinvested to amplify long-term returns. These stocks can sometimes also achieve excellent capital appreciation, on par with more traditional growth stocks.
The hard part is finding a dividend stock that's got much more going for it than just its yield. With that goal in mind, let's look at why (NASDAQ: PEP) and Procter Gamble (NYSE: PG) look attractive as income investments right now.
PepsiCo has a well-established business in a mature market, but it is still growing sales at a double-digit rate. Organic revenue jumped 14% in Q1, management revealed in April, as they raised their 2023 sales forecast. Pepsi is now expecting to boost revenue by about 8% on top of last year's 14% spike.
Source Fool.com
PepsiCo Inc. Stock
PepsiCo Inc. is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
With a target price of 176 € there is a slightly positive potential of 7.79% for PepsiCo Inc. compared to the current price of 163.28 €.
