Realty Income (O) is yielding 4.92% and continues its 30-year streak of annual increases. They are expanding into Europe to find better investment spreads, with 70% of last quarter's investments happening there. PepsiCo (PEP) announced a 4% dividend hike starting in June, bringing the forward yield to 3.46%. Q4 sales were up 2% and they are focusing on productivity to handle inflation. Analysts project the payout ratio will remain safe based on 2026 earnings.