PepsiCo Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of PepsiCo (NASDAQ: PEP) declared a quarterly dividend of $1.075 per share, representing a 5% increase from the previous year. This dividend aligns with an annualized increase to $4.30 per share from $4.09, effective from the June 2021 payment. Shareholders of record by June 4, 2021 will receive the payment on June 30, 2021. PepsiCo marks its 49th consecutive annual dividend increase since 1965, underlining its commitment to return value to shareholders.

Positive

• Quarterly dividend increased by 5% to $1.075 per share.
• Annualized dividend raised to $4.30 from $4.09.

Negative

• None.

PURCHASE, N.Y., May 4, 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 will begin with the June 2021 payment. This dividend is payable on June 30, 2021 to shareholders of record at the close of business on June 4, 2021. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2021 marks 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 new dividend amount for PepsiCo (PEP)?

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

When is the dividend payment date for PepsiCo (PEP)?

The dividend payment date is June 30, 2021.

What is PepsiCo's annual dividend rate now?

PepsiCo's annual dividend rate is now $4.30 per share.

How many consecutive annual dividend increases has PepsiCo achieved?

PepsiCo has achieved 49 consecutive annual dividend increases.