PepsiCo raises annual dividend 6%
May 06, 2009
by FoodBusinessNews.net Staff
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.