PepsiCo (PEP) increases dividend by 7.1%, marking 51 years of annual increases

The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) today declared a quarterly dividend of $1.265 per share of PepsiCo common stock, a 10 percent increase versus the comparable year-earlier period. Today’s action is consistent with PepsiCo’s previously announced increase in its annualized dividend to $5.06 per share from $4.60 per share, which began with the June 2023 payment. This dividend is payable on April 1, 2024 to shareholders of record at the close of business on March 1, 2024. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2023 marked the company’s 51st consecutive annual dividend increase.