Business News

PepsiCo Announces Dividend Increase

Wednesday 06. May 2009 - 6% Rise in Dividend is PepsiCo's 37th Annual Increase

The Board of Directors of PepsiCo, Inc. (NYSE:PEP) today declared a 6 percent increase in the annual dividend, from the current $1.70 to $1.80 per share on PepsiCo common stock. The quarterly dividend of $0.45 is payable June 30, 2009, to shareholders of record on June 5, 2009.

“We are pleased to announce our thirty-seventh annual dividend increase, reflecting the strength of our cash flow and balance sheet,” said PepsiCo Chairman and CEO Indra Nooyi. “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.”