Pepsi Stock's Dividend Yield Just Hit 3%: Should You Buy Shares?
The stock market has done incredibly well over the past 12 months. The same can't be said for consumer food brands like PepsiCo (NASDAQ: PEP). The S&P 500 has posted a 24% total return in the past year, but PepsiCo stock is slightly down as investors worry about declining volumes and the effects of weight-loss drugs on future customer demand.
Despite these fears, PepsiCo just raised its dividend yet again -- marking 52 straight years of dividend increases -- putting its forward dividend yield above 3% for the first time since the March 2020 low. Does that make the stock a good buy for long-term investors?
Source Fool.com
PepsiCo Inc. Stock
€168.52
2.130%
PepsiCo Inc. is currently one of the favorites of our community with 16 Buy predictions and no Sell predictions.
With a target price of 178 € there is a slightly positive potential of 5.63% for PepsiCo Inc. compared to the current price of 168.52 €.
