PepsiCo Declares Quarterly Dividend

Rhea-AI Summary

The Board of Directors of PepsiCo (NASDAQ: PEP) has declared a quarterly dividend of $1.15 per share, reflecting a 7% increase from the previous year. This dividend aligns with the annualized increase to $4.60 per share that started in June 2022. The payment date is set for March 31, 2023, for shareholders recorded by March 3, 2023. PepsiCo has a long-standing history of dividend payments, marking its 50th consecutive annual increase in 2022, reinforcing the company’s commitment to returning value to shareholders.

Positive

• Declared quarterly dividend of $1.15 per share, a 7% increase.
• Annualized dividend now $4.60 per share, up from $4.30.
• 50 years of consecutive annual dividend increases.

Negative

• None.

News Market Reaction – PEP

-0.93%

1 alert

-0.93% News Effect

On the day this news was published, PEP declined 0.93%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

PURCHASE, N.Y., Feb. 1, 2023 /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 March 31, 2023 to shareholders of record at the close of business on March 3, 2023. 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, and follow on 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 the dividend amount declared by PepsiCo for Q1 2023?

PepsiCo declared a quarterly dividend of $1.15 per share for Q1 2023.

When is the payment date for PepsiCo's Q1 2023 dividend?

The dividend payment date is March 31, 2023.

What was the previous dividend amount before the recent increase?

The previous annualized dividend amount was $4.30 per share.

How long has PepsiCo been increasing its dividend?

PepsiCo has marked 50 consecutive annual increases in dividends.

What is PepsiCo's stock symbol?

PepsiCo's stock symbol is PEP.