PepsiCo, Inc. (PEP) has declared a quarterly dividend of $1.265 per share, representing a 10% increase compared to the previous year
Dividends
May 3, 2023
May 2, 2023
PepsiCo, Inc. (PEP) has recently made a significant announcement regarding its dividend. The company's Board of Directors declared a quarterly dividend of $1.265 per share of PepsiCo common stock. This marks a 10% increase compared to the same period last year. The increase in dividend is in line with PepsiCo's previously stated plans to raise its annualized dividend from $4.60 per share to $5.06 per share. Shareholders can expect the higher dividend payment to commence from June 2023.
PepsiCo's latest move reflects the company's commitment to rewarding its shareholders. With a 10% increase in the quarterly dividend, PepsiCo demonstrates its dedication to providing attractive returns to its investors. This dividend hike aligns with the company's goal of enhancing shareholder value and underscores the confidence of PepsiCo's Board of Directors in the company's financial strength and long-term growth prospects.
The increased dividend of $1.265 per share will be paid on June 30, 2023. Shareholders on record as of June 2, 2023, will be eligible for the payment. This payment date and eligibility criteria ensure that PepsiCo's loyal investors receive their well-deserved returns for their continued support of the company. The upcoming dividend distribution represents the 51st consecutive annual increase in PepsiCo's dividends, a testament to its consistent commitment to providing value to shareholders.
PepsiCo has a long-standing tradition of rewarding its shareholders through regular cash dividends. Since 1965, the company has been paying consecutive quarterly cash dividends, reinforcing its commitment to delivering shareholder returns. The 10% increase in the quarterly dividend further strengthens the company's impressive track record of consistent dividend growth. This longstanding history of reliable dividends highlights PepsiCo's dedication to creating value for its shareholders year after year.
Members of LevelFields received the alert of this event on May 2, 4:45 PM ET
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