Ignore PepsiCo -- Here's a Better Stock for Passive Income
PEPPepsiCo(PEP) The Motley Fool·2024-02-25 20:39

PepsiCo (PEP 0.80%) recently gave investors some new reasons to feel cautious about the stock. While the company achieved solid sales growth this past year, demand slowed into early 2024, according to management's early February update. The consumer staples company is also projecting weaker sales trends ahead as its inflation-based price increases end. That's unfortunate news for income investors since Pepsi and its 3% dividend yield are so popular with fans of passive income. But there's another top divide ...