The beverage giant increases its payout for the 52nd consecutive year, signaling confidence in cash flow stability.
PepsiCo announced a 4% increase in its quarterly dividend to $1.48 per share, effective with the next distribution. The move extends the company’s streak of annual dividend hikes to 52 years, underscoring its commitment to shareholder returns amid steady earnings growth.
The prior dividend stood at $1.425 per share, with analysts expecting a modest raise. PepsiCo’s dividend yield now approximates 3%, aligning with consumer staples peers. The company last reported quarterly earnings of $2.25 per share, beating estimates.
Shares of PepsiCo (PEP) showed little immediate reaction in after-hours trading, reflecting investor anticipation of the announcement.