PepsiCo
Today, I brought shares in $PEP (PepsiCo) . I wanted to diversify my portfolio to include $KO (Coca-Cola) and Pepsi. I was able to buy 6.23 shares at a price of 131.68 USD
Why did I buy stocks of PepsiCo?
I wanted to diversify my portfolio to include $KO (Coca-Cola) and $PEP (PepsiCo). Pepsi is going ex-dividend soon on 5 June with a increased dividend compared to the past.
I personally see this as a very strong company, that is not going away anytime in the near future or ever.
Pepsi is a very diversified company with their product portfolio, and therefore, a natural choice for an long term investor like myself. When looking at the portfolio picture of PepsiCo (see above image). I recognize many of these brands, and actually prior to researching, I did not know all these belong to PepsiCo. Therefore, besides Pepsi Cola, I’m happy to see brands like Lays (Snacks), Quaker (breakfast and snacks), and then all the other beverages.
PepsiCo is a perfect fit for a dividend investing portfolio. It pays a safe dividend and the company is very diversified with Market leading brands!
Upcoming Dividend payment
PepsiCo is going ex-dividend on 6 June 2020.
They are paying a dividend of 1.0225 USD per share. It’s a very reliable dividend with 2.88% yield as of writing. Which mean its only a 25.72% payout ratio. This is considered safe and mean PepsiCo have plenty of room to grow their dividend in future.
So far in year 2020 my portfolio is now expected to give 25 USD from PepsiCo in dividends. I expect to increase this significantly in 2020.