PURCHASE, N.Y., Nov. 17, 2017 /PRNewswire/ -- The Board of
Directors of PepsiCo, Inc. (NYSE: PEP) today declared a
quarterly dividend of $0.805 per share of PepsiCo common
stock, a 7.0 percent increase versus the comparable year-earlier
period. Today's action is consistent with PepsiCo's
previously announced increase in its annualized dividend
to $3.22 per share from $3.01 per share, which
began with the June 2017 payment. This dividend is
payable on January 8, 2018 to shareholders of record at the
close of business on December 1, 2017. PepsiCo has paid
consecutive quarterly cash dividends since 1965, and 2017
marks the company's 45th consecutive annual dividend
increase.
About PepsiCo
PepsiCo products are enjoyed by
consumers one billion times a day in more than 200 countries and
territories around the world. PepsiCo generated
approximately $63 billion in net revenue in 2016, 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.
At the heart of PepsiCo is Performance with Purpose – our
fundamental belief that the success of our company is inextricably
linked to the sustainability of the world around us. We believe
that continuously improving the products we sell, operating
responsibly to protect our planet and empowering people around the
world enable PepsiCo to run a successful global company that
creates long-term value for society and our shareholders. 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.
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SOURCE PepsiCo, Inc.