PepsiCo Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.075 per share, reflecting a 5% increase compared to last year. This decision is part of the company's strategy to boost its annualized dividend to $4.30 from $4.09, effective from the June 2021 payment. The dividend is scheduled for payment on January 7, 2022, to shareholders on record by December 3, 2021. PepsiCo has a robust history of dividend increases, marking its 49th consecutive annual increase.

Positive

• Quarterly dividend increased by 5%, indicating strong financial health.
• Annualized dividend raised to $4.30, demonstrating company confidence.
• Continues a streak of paying consecutive quarterly dividends since 1965.

Negative

• None.

PURCHASE, N.Y., Nov. 18, 2021 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.075 per share of PepsiCo common stock, a 5 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $4.30 per share from $4.09 per share, which began with the June 2021 payment. This dividend is payable on January 7, 2022 to shareholders of record at the close of business on December 3, 2021. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2021 marked the company's 49th consecutive annual dividend increase.

About PepsiCo
PepsiCo products are enjoyed by consumers more than one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $70 billion in net revenue in 2020, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker, Tropicana and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 23 brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Convenient Foods and Beverages by Winning with Purpose. "Winning with Purpose" reflects our ambition to win sustainably in the marketplace and embed purpose into all aspects of our business strategy and brands. For more information, visit www.pepsico.com.

Cautionary Statement
Statements in this release that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Forward-looking statements inherently involve risks and uncertainties. For information on certain factors that could cause actual events or results to differ materially from our expectations, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: pepsicomediarelations@pepsico.com

 

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SOURCE PepsiCo, Inc.

FAQ

What is the dividend amount declared by PepsiCo for PEP?

PepsiCo has declared a quarterly dividend of $1.075 per share.

When is the dividend payable to shareholders of PepsiCo (PEP)?

The dividend is payable on January 7, 2022.

What is the frequency of PepsiCo's dividend payments?

PepsiCo pays dividends quarterly.

What was the percentage increase in PepsiCo's dividend?

The dividend increased by 5% compared to the previous year.

How long has PepsiCo consistently paid dividends?

PepsiCo has paid consecutive quarterly cash dividends since 1965.