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, marking a 5% increase compared to the previous year. This increase aligns with the annual dividend change from $4.09 to $4.30, effective since June 2021. The dividend payment is scheduled for March 31, 2022, to shareholders recorded by March 4, 2022. PepsiCo has consistently paid dividends since 1965, achieving its 49th consecutive annual dividend increase.

Positive

• Quarterly dividend of $1.075 per share reflects a 5% increase.
• Annual dividend raised from $4.09 to $4.30.
• 49 consecutive annual dividend increases demonstrate financial stability and shareholder return.

Negative

• None.

PURCHASE, N.Y., Feb. 2, 2022 /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 March 31, 2022 to shareholders of record at the close of business on March 4, 2022. 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 $70 billion in net revenue in 2020, driven by a complementary beverage and convenient foods portfolio that includes Lays, 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 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 in February 2022?

PepsiCo declared a quarterly dividend of $1.075 per share.

When will PepsiCo's dividend be paid to shareholders?

The dividend will be paid on March 31, 2022, to shareholders of record by March 4, 2022.

How does PepsiCo's latest dividend compare to the previous year?

The latest dividend of $1.075 per share is a 5% increase from the previous year's dividend.

How many consecutive annual dividend increases has PepsiCo achieved?

PepsiCo has achieved 49 consecutive annual dividend increases.

What was the annualized dividend amount before the increase in 2021?

Before the increase in 2021, the annualized dividend amount was $4.09 per share.