PURCHASE, N.Y., May 5, 2020 /PRNewswire/ -- The Board of
Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a
quarterly dividend of $1.0225 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 $4.09 per share from $3.82 per share, which will begin with the
June 2020 payment. This dividend is
payable on June 30, 2020 to
shareholders of record at the close of business on June 5, 2020. PepsiCo has paid consecutive
quarterly cash dividends since 1965, and 2020 marks the company's 48th 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 $67 billion in net revenue in 2019, 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 23 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