PepsiCo Boosts Quarterly Dividend by 7%
The Board of Directors of PepsiCo, Inc. announced today a boosted quarterly dividend of $1.15 per share, marking a 7% increase compared to the same period last year. This action aligns with PepsiCo’s previous declaration of raising its annualized dividend to $4.60 per share.
Consistent Dividend Payments Since 1965
PepsiCo has maintained a consecutive streak of paying quarterly cash dividends since 1965. Furthermore, 2022 marked the company’s 50th consecutive annual dividend increase. Shareholders of record can expect to receive the dividend on March 31, 2023.
Wide Range of Enjoyable Foods and Beverages
PepsiCo offers a diverse portfolio of foods and beverages enjoyed by consumers globally, with products being consumed more than one billion times a day in over 200 countries. The company generated a net revenue of over $79 billion in 2021, driven by popular brands such as Lay’s, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream.
Dividend Payment for Shareholders of Record
The dividend is payable to shareholders who have a record of being a shareholder at the close of business on March 3, 2023. This increase in the dividend payment is a testament to PepsiCo’s financial stability and commitment to providing value to its shareholders.
In conclusion, PepsiCo continues to set new records and maintain its position as a leading player in the food and beverage industry. The recent boost in the quarterly dividend is a clear indication of the company’s commitment to its shareholders and its financial stability.
Maurice Murphy is an esteemed financial journalist renowned for his insightful analysis and comprehensive coverage of earnings and analysts’ estimates in the dynamic world of finance. With an unwavering passion for understanding the intricacies of the global economy, Maurice has dedicated his career to providing accurate and timely information to investors, professionals, and the public alike.
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