PURCHASE, N.Y., May 3, 2016 /PRNewswire/ -- The Board of
Directors of PepsiCo, Inc. (NYSE: PEP) today declared a
quarterly dividend of $0.7525 per share of PepsiCo common
stock, a 7.1 percent increase versus the comparable year-earlier
period. Today's action is consistent with PepsiCo's previously
announced increase in its annualized dividend to $3.01 per share from $2.81 per share, beginning with the June 2016 payment. The quarterly dividend is
payable on June 30, 2016 to shareholders of record at the
close of business on June 3, 2016.
PepsiCo has paid consecutive quarterly cash dividends since 1965,
and 2016 marks the company's 44th consecutive annual
dividend increase.
Over the past ten years, PepsiCo has returned more than $66
billion to shareholders in the form of dividends and share
repurchases.
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 $63
billion in net revenue in 2015, 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, or failure to comply with,
applicable laws and regulations; 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; business disruptions;
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; changes in estimates and underlying assumptions
regarding future performance that could result in an impairment
charge; PepsiCo's ability to recruit, 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, cyber
attacks or other cyber incidents 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; climate change or water scarcity, or
legal, regulatory or market measures to address climate change or
water scarcity; failure to successfully negotiate collective
bargaining agreements, or strikes or work stoppages; infringement
of 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