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.