PepsiCo (PEP) is hardly an unknown name in the market. Recognized mostly for its beverages since 1965, the company has now evolved into a food and beverage giant, owning some of the world’s most recognizable brands, from Pepsi and Gatorade to Lay’s, Doritos, and Quaker.
But for many investors, PepsiCo's biggest appeal is not just its brands but its status as a Dividend King. This is a rare title reserved for businesses that have raised their dividends for at least 50-straight years. PepsiCo has now increased its payout for 54 consecutive years, placing it among the top income stocks.
