Investors in search of a steady, reliable passive income stream should be familiar with the Dividend Kings - a title reserved for companies that have been paying and increasing dividends for at least 50 consecutive years. It's not just a cool title; it's a sign of a company's enduring competitive advantage, its knack for growing earnings over time, and its sharp financial management.
One such name is PepsiCo (PEP), the consumer goods giant with a massive footprint in the global snack and drink scene. Lately, it's been in the news - not for its impressive run of dividend hikes, but due to a disappointing quarterly earnings report. But is PEP's post-earnings pullback a golden opportunity to scoop up shares of this Dividend King while they're cheap? Here's a closer look at Wall Street is saying.
