PURCHASE, N.Y., Nov. 27, 2012 /PRNewswire/ – The Board of Directors of PepsiCo, Inc. (NYSE: PEP) has declared a quarterly dividend of $0.5375 per share of PepsiCo common stock. The dividend is payable January 2, 2013, to shareholders of record on December 7, 2012. This quarterly dividend is a 4 percent increase versus the comparable year-earlier period.
Based on today’s closing stock price of $70.11, the dividend represents an annualized dividend yield of 3.1 percent.
PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2012 marks the company’s 40th consecutive annual dividend increase.
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 is a global food and beverage leader with 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. Our main businesses – Quaker, Tropicana, Gatorade, Frito-Lay and Pepsi-Cola – make hundreds of enjoyable foods and beverages that are loved throughout the world. PepsiCo’s people are united by our unique commitment to sustainable growth by investing in a healthier future for people and our planet, which we believe also means a more successful future for PepsiCo. We call this commitment Performance with Purpose: PepsiCo’s promise to provide a wide range of foods and beverages for local tastes; to find innovative ways to minimize our impact on the environment by conserving energy and water and reducing packaging volume; to provide a great workplace for our associates; and to respect, support and invest in the local communities where we operate. For more information, please visit www.pepsico.com.