Business
from24/7 Wall St.
3 weeks agoIs the Pepsico Turnaround Story Finally Worth Buying?
PepsiCo faced volume declines but achieved revenue growth through pricing, while net income fell due to impairment charges.
The Consumer Staples Select Sector SPDR Fund (XLP) has spent 27 years being the answer to the question of which part of the market absorbs the blow best during economic downturns, holding 36 positions across essential goods.
Walmart (NASDAQ:WMT | WMT Price Prediction) and Costco (NASDAQ:COST) together represent nearly 19% of the portfolio but contribute almost nothing to income. Walmart yields roughly 0.8% and Costco under 1%. Their value to KXI is stability and capital appreciation, not dividends.
Building wealth through dividends requires more than chasing high yields. The path to "getting rich" combines meaningful current income with consistent dividend growth, backed by sustainable business fundamentals. These five stocks deliver that combination, each offering distinct advantages for compounding wealth over time. #5: Procter & Gamble (PG): The Steady Compounder Procter & Gamble earns its place as a 68-year Dividend King, having increased its payout annually since 1957. The consumer staples giant recently raised its quarterly dividend to $1.06, maintaining a 2.93% yield