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Share Name Share Symbol Market Type
PepsiCo Inc NASDAQ:PEP NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 124.59 116.00 124.99 125.37 122.44 123.19 5,552,050 05:00:00

PepsiCo Raising Dividend by 7% With June Payout

13/02/2020 12:14pm

Dow Jones News


PepsiCo (NASDAQ:PEP)
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By Colin Kellaher

 

PepsiCo Inc. on Thursday said it will raise its annualized dividend by 7%, effective with the June payout.

The Purchase, N.Y., beverages and snacks giant said it will raise its dividend to $4.09 a year, equal to $1.0225 on a quarterly basis, from the current annual rate of $3.82, or 95 cents quarterly.

The new dividend rate represents an annual yield of about 2.8% based on Wednesday's closing price of $146.08, up from 2.62%.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

February 13, 2020 06:59 ET (11:59 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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