PepsiCo plans 7 percent dividend increase in 2020

Dividend Aristocrat PepsiCo plans to hike its dividend by 7 percent this year. This marks the 48th consecutive year of dividend increases by the company.

PepsiCo today announced a 7 percent increase in its annualized dividend to $4.09 per share from $3.82 per share, effective with the dividend expected to be paid in June 2020. This represents the Company’s 48th consecutive annual dividend per share increase.

The new annual dividend of $4.09 per share will yield 2.8% at a stock price of $146.

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.

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