PepsiCo Declares Quarterly Dividend

Rhea-AI Summary

PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.355 per share, representing a 7% increase from the previous year. This aligns with the company's earlier announcement of raising its annualized dividend to $5.42 per share from $5.06. The dividend is payable on September 30, 2024, to shareholders of record as of September 6, 2024. This marks PepsiCo's 52nd consecutive annual dividend increase, highlighting its commitment to shareholder returns. The company has maintained a consistent track record of paying quarterly cash dividends since 1965, demonstrating its financial stability and dedication to rewarding investors.

Positive

• 7% increase in quarterly dividend to $1.355 per share
• 52nd consecutive annual dividend increase
• Consistent quarterly dividend payments since 1965
• Annualized dividend raised to $5.42 per share from $5.06

Negative

• None.

News Market Reaction

+1.01%

1 alert

+1.01% News Effect

On the day this news was published, PEP gained 1.01%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PURCHASE, N.Y., July 25, 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 began with the June 2024 payment. This dividend is payable on September 30, 2024 to shareholders of record at the close of business on September 6, 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 X (Twitter), 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

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SOURCE PepsiCo, Inc.

FAQ

What is PepsiCo's new quarterly dividend amount for 2024?

PepsiCo's new quarterly dividend for 2024 is $1.355 per share of common stock.

When will PepsiCo (PEP) pay its next dividend?

PepsiCo will pay its next dividend on September 30, 2024, to shareholders of record as of September 6, 2024.

How much has PepsiCo (PEP) increased its dividend compared to last year?

PepsiCo has increased its dividend by 7% compared to the same period last year.

What is PepsiCo's (PEP) new annualized dividend for 2024?

PepsiCo's new annualized dividend for 2024 is $5.42 per share, increased from $5.06 per share.

How many consecutive years has PepsiCo (PEP) increased its annual dividend?

PepsiCo has increased its annual dividend for 52 consecutive years as of 2024.