PURCHASE, N.Y., Nov. 19, 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 Jan. 7, 2016 to
shareholders of record at the close of business on Dec. 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 more than
$64 billion to shareholders in the
form of dividends and share repurchases. The company expects to
return $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 vision
to deliver top tier financial performance over the long term by
integrating sustainability into our business strategy, leaving a
positive imprint on society and the environment. We do this in part
by offering a wide range of products; increasing the number of our
nutritious foods and beverages; reducing our environmental impacts;
and supporting our employees and the communities where we do
business; all of which will help position the company for long-term
sustainable growth. For more information please
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 the
impact of currency controls or other currency exchange mechanisms;
the impact of deconsolidating our Venezuelan subsidiaries; 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, Inc.