PepsiCo Boosts Annual Dividend

PepsiCo (NYSE:PEP) has decided to raise its annual dividend by 4%.

PepsiCo Boosts Annual Dividend

In a statement, global food and beverage giant PepsiCo (NYSE:PEP) has announced its plan for a four per cent raise in its annual dividend to $2.15.

This is the company’s 40th consecutive annual dividend increase.

Pepsico (NYSE:PEP) Chairman and CEO Indra Nooyi said said, “The Board’s decision to increase our annual dividend demonstrates the confidence we have in the fundamental strength of PepsiCo (NYSE:PEP)’s business and our future growth prospects.”

PepsiCo (NYSE:PEP) shares are currently standing at 66.83.

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