Dividend Aristocrat PepsiCo raises dividend for 46th year

Dividend Aristocrat PepsiCo (PEP) will raise its quarterly dividend to $0.9275 per share in the second quarter of 2018. This marks the 46th consecutive year of dividend increases by the snacks and beverages maker.

As previously announced by the company, PepsiCo will raise its annualized dividend by 15.2 percent to $3.71 per share, beginning with the June 2018 payment.

This dividend is payable on June 29, 2018 to shareholders of record at the close of business on June 1, 2018. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2018 marks the company's 46th consecutive annual dividend increase.

Last week fellow Dividend Aristocrat Johnson & Johnson raised its dividend for the 56th consecutive year.

The new dividend yield for PEP is 3.7% based on the current share price of $97.30. Last year Pepsi raised its dividend for the 45th year.

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 $63 billion in net revenue in 2017, 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.