5 Best Recession Dividend Stocks to Buy

3. PepsiCo, Inc. (NASDAQ:PEP)

Number of Hedge Fund Holders: 70
Dividend Yield as of July 24: 2.66%

With 70 hedge funds holding stakes in the company in Q1, PepsiCo, Inc. (NASDAQ:PEP) ranks third on our list of the best dividend stocks to consider for a recession. The stakes owned by these hedge funds are collectively valued at over $4 billion.

PepsiCo, Inc. (NASDAQ:PEP) currently pays a quarterly dividend of $1.265 per share and has raised its payouts for 51 years straight. The stock has a dividend yield of 2.66%, as recorded on July 24.

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