PepsiCo, Inc. (NASDAQ: PEP) closed at $168.90 on Dec. 1, 2023. The New York-headquartered food and beverage company has a market capitalization of $232.2 billion.
During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.