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.
PepsiCo does start to look the stronger candidate as they are slowly adapting to what the market wants. The market wants healthier options and that is what makes PepsiCo the better stock in my opinion.
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