Both Coca-Cola (NYSE:KO) and PepsiCo (NYSE:PEP) are legendary dividend stocks. They are each members of the Dividend Aristocrats, a group of 51 companies in the S&P 500 with 25+ years of consecutive dividend increases.
You can see the full Dividend Aristocrats List here.
PepsiCo has raised its dividend for years, while Coca-Cola's streak is slightly longer. It has increased its dividend for years in a row.
In fact, Coca-Cola has reached an even more exclusive club.
With 55 years of dividend increases under its belt, it is a Dividend King - a select group of 19 stocks with 50+ years of consecutive dividend increases.
Coca-Cola and PepsiCo might seem like identical companies since they dominate the global soda industry.
But they are more different than it seems. This article will discuss which of the two soda giants is the better dividend stock to buy today.