Why I Just Bought Some PepsiCo Stock to Help Satisfy My Thirst for More Passive Income

My long-term financial goal is to eventually collect enough passive income each year to cover my basic living expenses. One aspect of my strategy is to invest in companies that pay an above-average dividend that steadily rises. That should enable me to achieve my passive income goal sooner. I'm always looking for new dividend stocks to help me reach my goal. That pursuit recently led me to buy shares of PepsiCo (NASDAQ: PEP). Here's why I think the beverage and snacking giant can help me quench my thirst for more passive income.PepsiCo currently offers a dividend yield of around 3.8%. That's well above its historical average range of 2.5% to 3% over the past decade. Its yield is currently more than three times higher than the S&P 500 index's dividend yield (1.2%). That high-yielding payout will enable me to generate more income from every dollar I invest in the stock, which will certainly help satisfy my thirst for passive income. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool