39 Consecutive Years of Dividend Increases by PepsiCo
Global soft drinks and snacks giant PepsiCo has declared its thirty-ninth consecutive annual dividend increase, by lifting the current annual rate from $1.92 to $2.06 per share on the group’s common stock.
“PepsiCo has a long and consistent track record of delivering strong operating results and achieving top-tier financial performance,” points out Indra Nooyi, chairman and chief executive of PepsiCo. “The board’s decision to once again raise the annual dividend reflects our confidence in both the near- and long-term growth of our business as well as our ongoing commitment to delivering strong cash returns to shareholders. Since the beginning of 2001, we have returned over $48 billion to shareholders in the form of dividends and share repurchases.”
Incorporating Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi Cola, PepsiCo offers the world’s largest portfolio of billion dollar food and beverage brands, including 19 different product lines that generate more than $1b in annual retail sales each.
