In June, PepsiCo Will Do Something That It's Done Every Year Since Richard Nixon Was President -- and It's Something That Investors Today Should Appreciate

In 1972, former U.S. President Richard Nixon was reelected to the nation's highest office. There have been 13 presidential elections since then as well as nine presidents, a testament to just how much time has passed. But even though this is a long time period, beverage and snacks company PepsiCo (NASDAQ: PEP) is about to do something that it's been doing every single year since then.Pepsi already announced that it will raise its quarterly dividend payment by 5% in June. The company has been paying a dividend since 1965. But this year will be the 53rd straight year that it not only paid the dividend but also raised the dividend.Once a company has increased its dividend for 50 consecutive years, it's known as a Dividend King. And as a Dividend King, few companies have longer streaks than PepsiCo. This makes it one of the best dividend stocks in the world, historically speaking.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool