23/04/2014 20:40:57 Free Membership Login

PepsiCo Boosts Annual Dividend By 4%

Date : 05/02/2012 @ 9:08AM
Source : Dow Jones News
Stock : Pepsico Inc. (PEP)
Quote : 85.41  0.27 (0.32%) @ 8:00PM
Pepsico share price Chart

PepsiCo Boosts Annual Dividend By 4%

Pepsico (NYSE:PEP)
Historical Stock Chart

2 Years : From Apr 2012 to Apr 2014

Click Here for more Pepsico Charts.

PepsiCo Inc.'s (PEP) board approved a 4% increase in the beverage and snack giant's annual dividend--the 40th consecutive annual dividend boost.

The dividend will be increased to $2.15 from $2.06, with the additional payout to shareholders expected to cost the company about $140.8 million a year.

PepsiCo last month reported that its first-quarter earnings fell 1.4% on higher costs as revenue growth slowed and sales from Americas beverages continued to slide.

The company had been seeing double-digit sales increases over the past two years, helped by acquisitions and growth in emerging markets, but its bottom line has been stung by higher commodity costs.

Shares closed Tuesday at $66.49 and were inactive premarket. The stock is down 4.1% in the past year, trailing the broader market.

-By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com



NYSE and AMEX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

1 site:2 us 140423 20:40