How To Earn $500 A Month From PepsiCo Stock Following Upbeat Quarterly Earnings
Portfolio Pulse from Priya Nigam
PepsiCo Inc (NASDAQ:PEP) reported better-than-expected earnings for its third quarter with sales growth of 6.7% year-on-year to $23.45 billion, beating the analyst consensus estimate. The company raised its FY23 adjusted EPS outlook from $7.47 to $7.54. PepsiCo has a dividend yield of 2.94%, which is a quarterly dividend amount of $1.2650 a share ($4.83 a year). To earn $500 monthly from PepsiCo dividends, an investor would need to own approximately $204,185 worth of PepsiCo, or 1,242 shares.
October 11, 2023 | 12:11 pm
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POSITIVE IMPACT
PepsiCo's better-than-expected Q3 earnings and raised FY23 EPS outlook could boost investor confidence and potentially drive the stock price up in the short term. The company's attractive dividend yield could also attract income-focused investors.
PepsiCo's Q3 earnings beat and raised FY23 EPS outlook indicate strong financial performance, which could boost investor confidence and drive the stock price up. The company's attractive dividend yield could also attract income-focused investors, potentially leading to increased demand for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100