PURCHASE, N.Y., Nov. 19,
2024 /PRNewswire/ -- The Board of Directors of
PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly
dividend of $1.355 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
$5.42 per share from $5.06 per share, which began with the
June 2024 payment. This dividend is
payable on January 6, 2025 to
shareholders of record at the close of business on December 6, 2024. PepsiCo has paid consecutive
quarterly cash dividends since 1965, and 2024 marked the company's
52nd 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 $91 billion in net revenue in
2023, 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 pep+ (PepsiCo
Positive). 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 X
(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.