Here's How Many Shares of PepsiCo You'd Need for $20,000 in Yearly Dividends
Relying too heavily on Pepsi for income will create risks for a portfolio.
Overview
PepsiCo (NASDAQ: PEP) is known for its reliability, having increased its dividend payout for 54 consecutive years.
But in addition to earning the title of Dividend King by increasing that payout for 50 or more consecutive years, that dividend payout also comes with a generous yield: 4.2% as of this writing.
Details
To turn Pepsi into an income generator for retirement or just to have some extra money coming in, this is the number of shares needed to generate $20,000 a year in PepsiCo dividends.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.