PepsiCo board hikes annual dividend

by Eric Schroeder
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PURCHASE, N.Y. — The board of directors of PepsiCo, Inc. have raised the annual dividend 13% to $1.70 per share from $1.50. The quarterly dividend of 42.5c is payable June 30 to shareholders of record as of June 6.

"We are pleased to reward shareholders with our thirty-sixth annual dividend increase, continuing our track record of strong performance," said Indra Nooyi, chairman and chief executive officer. "The dividend reflects our continued commitment to maximize the value of our shareholders' investment and our confidence in the future growth of our business."

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