Pepsi-Cola $PEP (-3.67%) was 127 years old yesterday, who would have thought it?
It was developed by pharmacist Caleb Bradham in North Carolina in 1893.
At first he called the "drink" after his own name: Brad's Drink
On August 28, 1898, he renamed it "Pepsi-Cola" in reference to the digestive enzyme PEPSIN.
As we know it today, under the name "PepsiCo", was the result of the merger between Pepsi-Cola and Frito-Lay.
I don't drink it myself, but I enjoy having it in my stash. It has been increasing for 53 years and is therefore a king among dividend payers. In the last 10 years, the dividend has increased by 7.5% annually. However, the share price has fallen since 2022.
Enjoy the drink or the bottoming out of the share.
The rest is history - I hope not so the share.
