As of early June, an investor can earn roughly a 1.4% annual dividend yield by simply owning a market index fund that tracks the S&P 500. Read on to see why PepsiCo (NASDAQ: PEP), Hasbro (NASDAQ: HAS), IBM (NYSE: IBM), and Pfizer (NYSE: PFE) all deserve a spot on your income watchlist. Pepsi is just a year away from reaching Dividend King status, which will apply after it raises its dividend for a 50th consecutive year in 2022.
PepsiCo's (PEP) Frito-Lay is expanding plant capacity at its Rosenburg facility and adding manufacturing lines for Funyuns and tortilla chips, which are expected to be completed by 2023.
PepsiCo (PEP) closed at $146.37 in the latest trading session, marking a -0.93% move from the prior day.