PepsiCo Announces 40th Consecutive Annual Dividend Increase
PepsiCo has declared a four percent rise in its annual dividend, from the current annual rate of $2.06 to $2.15 per share – marking the group’s 40th consecutive annual dividend increase. “PepsiCo is focused on delivering sustainable long-term growth and strong cash returns to shareholders,” says PepsiCo chairman and chief executive Indra Nooyi. “The board’s decision to increase our annual dividend demonstrates the confidence we have in the fundamental strength of PepsiCo’s business and our future growth prospects.”
Since the start of 2002, PepsiCo has returned more than $50 billion to shareholders in the form of dividends and share repurchases. The company expects to return more than $6 billion to shareholders in 2012.
PepsiCo has net revenues of more than $65 billion and a product portfolio that includes 22 brands that generate more than $1 billion each in annual retail sales. Its main businesses are Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola.
