PepsiCo Declares Quarterly Dividend

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Tags

dividends

Rhea-AI Summary

PepsiCo, Inc. declared a quarterly dividend of $1.355 per share, a 7 percent increase from the previous year. The annualized dividend will increase to $5.42 per share starting June 2024. The dividend will be payable on June 28, 2024, to shareholders of record as of June 7, 2024. PepsiCo has a history of paying quarterly dividends since 1965, with 2024 being the 52nd consecutive year of dividend increases.

Positive

PepsiCo declared a 7 percent increase in its quarterly dividend compared to the previous year, showcasing strong financial performance.
The annualized dividend will rise to $5.42 per share starting June 2024, indicating long-term financial stability and growth for the company.
PepsiCo's history of consecutive dividend payments since 1965 demonstrates a commitment to rewarding shareholders and maintaining financial health.

Negative

None.

04/30/2024 - 04:30 PM

PURCHASE, N.Y., April 30, 2024 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.355 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 $5.42 per share from $5.06 per share, which will begin with the June 2024 payment. This dividend is payable on June 28, 2024 to shareholders of record at the close of business on June 7, 2024. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2024 marked the company's 52nd 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 $91 billion in net revenue in 2023, 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 pep+ (PepsiCo Positive). 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, and follow on Instagram, Facebook, and LinkedIn @PepsiCo.

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

View original content to download multimedia:https://www.prnewswire.com/news-releases/pepsico-declares-quarterly-dividend-302132187.html