PepsiCo raises annual dividend 6%

by Staff
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PURCHASE, N.Y. — The board of directors of PepsiCo, Inc. has raised the company’s annual dividend to $1.80 per share from $1.70. The 6% increase marks the company’s 37th annual dividend increase.

"Even in this difficult economy, we are committed to return cash to our shareholders while continuing to invest in the long-term growth of our business," said Indra Nooyi, chairman and chief executive officer.

PepsiCo also said it will pay out a quarterly dividend of 45c per share, payable June 30 to shareholders of record as of June 5.

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