15 Stocks to Invest in with Steady Dividends

11. PepsiCo, Inc. (NASDAQ:PEP)

Upside Potential as of January 20: 13.23%

An American multinational food, snack, and beverage company, PepsiCo, Inc. (NASDAQ:PEP) ranks eleventh on our list of the best stocks with steady dividends. The stock has faced significant pressure throughout 2024 as investors gravitated toward higher-growth opportunities, further impacted by external challenges such as deglobalization and concerns about the adoption of GLP-1 drugs. These issues have led to a 10% decline in the past 12 months, with shares now at their lowest since mid-2021, despite a more than 15% increase in revenue.

That said, PepsiCo, Inc. (NASDAQ:PEP) boasts a broad range of well-known brands, including Pepsi, Mountain Dew, Gatorade, Lay’s, Doritos, and Quaker. With its extensive global presence, robust marketing and innovation strengths, and a strong financial foundation, it stands as a leading force in the industry. By focusing on regular price hikes, global expansion, and strategic acquisitions, the company has achieved consistent growth in both revenue and profit, despite being seen as a defensive, slower-growth stock. This resilience, along with its ability to withstand inflation, positions PepsiCo as a dependable investment during economic downturns.

PepsiCo, Inc. (NASDAQ:PEP)’s dividend history also makes it a reliable investment option for income investors. The company announced that it aims to distribute $8.2 billion through dividends and share buybacks in FY24. In addition, it is a Dividend King, having raised its payouts for 52 consecutive years. The company offers a quarterly dividend of $1.355 per share and has a dividend yield of 3.63%, as of January 20.

PepsiCo, Inc. (NASDAQ:PEP) was included in 58 hedge fund portfolios at the end of Q3 2024, compared with 65 in the previous quarter, according to Insider Monkey’s database. The stakes held by these funds have a total value of more than $4.44 billion.