“This Dividend Stock Just Hit Its Highest Yield in 42 Years”
PEP is historically cheap and dividend-safe (B rating); while the speaker does not buy, he views current valuation as attractive for income investors compared to recent years.
PepsiCo stock fell to a 52-week low of $133 this week. Its future- based dividend yield stands at 4.43%. This is the highest yield since 2007, and since PepsiCo has been increasing its dividend for over 50 consecutive years and is known as the Dividend King, I was curious, when was the last time PepsiCo's dividend yield was this high?