PepsiCo declares 42nd consecutive annual dividend increase
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Posted: 7 May 2014 | PepsiCo | No comments yet
As previously disclosed on February 13, 2014, the Board of Directors of PepsiCo, Inc. declared a 15 percent increase in the company’s annual dividend…
As previously disclosed on February 13, 2014, the Board of Directors of PepsiCo, Inc. (NYSE: PEP) today declared a 15 percent increase in the company’s annual dividend, from an annual rate of $2.27 to $2.62 per share on PepsiCo common stock. It is the company’s 42nd consecutive annual dividend increase.
The quarterly dividend of $0.655 is payable on June 30, 2014 to shareholders of record as of June 6, 2014.
“PepsiCo is focused on delivering sustainable long-term growth and strong cash returns to shareholders,” said PepsiCo Chairman and CEO Indra Nooyi. “The Board’s decision to increase our annual dividend demonstrates the confidence we have in the fundamental strength of PepsiCo’s business and our future growth prospects.”
Over the past ten years PepsiCo has returned more than $60 billion to shareholders in the form of dividends and share repurchases. The company expects to return $8.7 billion to shareholders in the form of dividends and share repurchases in 2014, a 35 percent increase from 2013.
