PURCHASE, N.Y., Feb. 10, 2020 /PRNewswire/ -- The Board of
Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a
quarterly dividend of $0.955 per
share of PepsiCo common stock, a 3 percent increase versus the
comparable year-earlier period. Today's action is consistent
with PepsiCo's previously announced increase in its annualized
dividend to $3.82 per share from
$3.71 per share, which began with the
June 2019 payment. This dividend is
payable on March 31, 2020 to
shareholders of record at the close of business on March 6, 2020. PepsiCo has paid consecutive
quarterly cash dividends since 1965, and 2019 marked the company's
47th 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 $64 billion in net revenue
in 2018, driven by a complementary food and beverage portfolio that
includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana.
PepsiCo's product portfolio includes a wide range of enjoyable
foods and beverages, including 22 brands that generate more
than $1 billion each in estimated annual retail
sales.
Guiding PepsiCo is our vision to Be the Global Leader in
Convenient Foods and Beverages by Winning with Purpose. "Winning
with Purpose" reflects our ambition to win sustainably in the
marketplace and embed purpose into all aspects of the
business. 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