PURCHASE, N.Y., July 14, 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, which began with the
June 2016 payment. This dividend is
payable on September 30, 2016 to shareholders of record at the
close of business on September 2,
2016. PepsiCo has paid consecutive quarterly cash dividends
since 1965, and 2016 marks the company's
44th consecutive annual dividend increase.
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; regulatory initiatives, including
the imposition of new or increased taxes; PepsiCo's ability to
compete effectively; 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;
supply or business disruptions; failure to realize anticipated
benefits from PepsiCo's productivity initiatives or global
operating model; product quality, safety and integrity issues;
damage to PepsiCo's reputation or brand image; fluctuations or
other changes in exchange rates; and other factors discussed in
PepsiCo's filings with the Securities and Exchange Commission.
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.