PURCHASE, N.Y., July 16, 2015 /PRNewswire/ -- The Board of
Directors of PepsiCo, Inc. (NYSE: PEP) today declared a
quarterly dividend of $0.7025 per
share of PepsiCo common stock, a 7.3 percent increase versus the
comparable year-earlier period. The dividend is payable on
September 30, 2015 to shareholders of
record as of September 4, 2015.
PepsiCo has paid consecutive quarterly cash dividends since 1965,
and 2015 marks the company's
43rd consecutive annual dividend increase.
Over the past ten years, PepsiCo has returned over $63 billion to shareholders in the form of
dividends and share repurchases. The company expects to return
$8.5 to $9 billion to shareholders in
the form of dividends and share repurchases in 2015.
About PepsiCo
PepsiCo products are enjoyed by
consumers one billion times a day in more than 200 countries and
territories around the world. PepsiCo generated more than
$66 billion in net revenue in 2014,
driven by a complementary food and beverage portfolio that includes
Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's
product portfolio includes a wide range of enjoyable foods and
beverages, including 22 brands that generate more than $1 billion each in estimated annual retail
sales.
At the heart of PepsiCo is Performance with Purpose – our goal
to deliver top-tier financial performance while creating
sustainable growth and shareholder value. In practice, Performance
with Purpose means providing a wide range of foods and beverages
from treats to healthy eats; finding innovative ways to minimize
our impact on the environment and reduce our operating costs;
providing a safe and inclusive workplace for our employees
globally; and respecting, supporting and investing in the local
communities where we operate. For more information, visit
www.pepsico.com.
Cautionary Statement
Statements in this communication
that are "forward-looking statements" are based on currently
available information, operating plans and projections about future
events and trends. Terminology such as "believe," "expect,"
"intend," "estimate," "project," "anticipate," "will," or similar
statements or variations of such terms are intended to identify
forward-looking statements, although not all forward-looking
statements contain such terms. Forward-looking statements
inherently involve risks and uncertainties that could cause actual
results to differ materially from those predicted in such
forward-looking statements. Such risks and uncertainties include,
but are not limited to: changes in demand for PepsiCo's products,
as a result of changes in consumer preferences or otherwise;
changes in the legal and regulatory environment; imposition of new
taxes, disagreements with tax authorities or additional tax
liabilities; PepsiCo's ability to compete effectively; PepsiCo's
ability to grow its business in developing and emerging markets or
unstable political conditions, civil unrest or other developments
and risks in the markets where PepsiCo's products are made,
manufactured, distributed or sold; unfavorable economic conditions
in the countries in which PepsiCo operates; increased costs,
disruption of supply or shortages of raw materials and other
supplies; failure to realize anticipated benefits from PepsiCo's
productivity initiatives or global operating model; disruption of
PepsiCo's supply chain; product contamination or tampering or
issues or concerns with respect to product quality, safety and
integrity; damage to PepsiCo's reputation or brand image; failure
to successfully complete or integrate acquisitions and joint
ventures into PepsiCo's existing operations or to complete or
manage divestitures or refranchisings; PepsiCo's ability to hire or
retain key employees or a highly skilled and diverse workforce;
loss of any key customer or changes to the retail landscape; any
downgrade or potential downgrade of PepsiCo's credit ratings; the
ability to protect information systems against or effectively
respond to a cybersecurity incident or other disruption; PepsiCo's
ability to implement shared services or utilize information
technology systems and networks effectively; fluctuations or other
changes in exchange rates, including changes in currency exchange
mechanisms or additional governmental actions in Venezuela; climate change, or legal,
regulatory or market measures to address climate change; failure to
successfully negotiate collective bargaining agreements or strikes
or work stoppages; any infringement of or challenge to PepsiCo's
intellectual property rights; potential liabilities and costs from
litigation or legal proceedings; and other factors that may
adversely affect the price of PepsiCo's common stock and financial
performance.
For additional information on these and other factors that could
cause PepsiCo's actual results to materially differ from those set
forth herein, please see PepsiCo's filings with the Securities and
Exchange Commission, including its most recent annual report on
Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors
are cautioned not to place undue reliance on any such
forward-looking statements, which speak only as of the date they
are made. PepsiCo undertakes no obligation to update any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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SOURCE PepsiCo