3 Reasons to Buy This 4.2%-Yielding Dividend King Stock in July

PepsiCo is trading at a discount with a 4.2% yield and has maintained 54 consecutive years of dividend increases, making it one of only six Dividend Kings yielding above 4%. Despite recent underperformance versus Coca-Cola and mixed Q2 earnings results, the company is actively working to revitalize its major brands and offers an attractive valuation at 16 times forward earnings.