Coke vs. Pepsi: Which Dividend Giant Reigns Supreme

Coca-Cola's impressive track record of dividend increases has investors wondering if it's still worth holding onto. The company has raised its dividend every year since 1962, including through each market crash in that time.

The beverage giant earned nearly $26 billion in revenue during the second quarter, a 9% increase from the same period last year. Its consolidated net income of $8.4 billion also rose 18% over the same time frame.

However, when compared to its rival PepsiCo, Coca-Cola's stock price appreciation is a notable advantage. Over the past five years, Coca-Cola's stock has risen more than 60%, with half of that gain made in the last 18 months. In contrast, PepsiCo's stock is down by around 15% over the same period.

Despite Coca-Cola's superior stock performance, its P/E ratio of 26 is well above PepsiCo's 17 earnings multiple. This could make PepsiCo a more attractive buy for investors looking to capitalize on the company's improving growth outlook.