PepsiCo Declares Quarterly Dividend

Rhea-AI Summary

PepsiCo (NASDAQ: PEP) announced a quarterly dividend of $1.15 per share, marking a 7% increase from the previous year. This decision aligns with the company's commitment to enhancing its annualized dividend to $4.60 from $4.30, effective from June 2022. The dividend is scheduled for payment on September 30, 2022, to shareholders recorded by the end of business on September 2, 2022. PepsiCo has a storied history of consecutive dividends, marking 50 years of annual increases in 2022.

Positive

• Quarterly dividend increased by 7%, reflecting strong financial health.
• Continued commitment to annual dividend increases for 50 consecutive years.

Negative

• None.

PURCHASE, N.Y., July 21, 2022 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.15 per share of PepsiCo common stock, a 7 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $4.60 per share from $4.30 per share, which began with the June 2022 payment. This dividend is payable on September 30, 2022 to shareholders of record at the close of business on September 2, 2022. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2022 marked the company's 50th 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 $79 billion in net revenue in 2021, driven by a complementary beverage and convenient foods portfolio that includes Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including many iconic brands that generate more than $1 billion each in estimated annual retail sales.

Guiding PepsiCo is our vision to Be the Global Leader in Beverages and Convenient Foods by Winning with PepsiCo Positive (pep+). pep+ is our strategic end-to-end transformation that puts sustainability and human capital at the center of how we will create value and growth by operating within planetary boundaries and inspiring positive change for planet and people. 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 on July 21, 2022?

PepsiCo declared a quarterly dividend of $1.15 per share.

When will the dividend be payable to shareholders?

The dividend will be payable on September 30, 2022.

What was the percentage increase in the dividend compared to last year?

The dividend increased by 7% compared to the same period last year.

What is PepsiCo's annualized dividend for 2022?

The annualized dividend for 2022 is $4.60 per share.

When is the record date for the dividend payment?

The record date for the dividend payment is September 2, 2022.