Known as "The Monthly Dividend Company," it pays dividends monthly rather than quarterly, allowing for faster compounding.
Dividends are generally taxable in the year received, even if reinvested. drip stocks to buy
Analysts at Yahoo Finance rank it among the best blue-chip stocks to buy for the long haul due to its high-quality balance sheet. 3. PepsiCo (PEP) Sector: Consumer Staples Known as "The Monthly Dividend Company," it pays