PepsiCo Boosts Annual Dividend By 4%

Date : 05/02/2012 @ 9:08AM
Source : Dow Jones News
Stock : Pepsico, Inc. (PEP)
Quote : 106.63  0.0 (0.00%) @ 4:02AM
Pepsico share price Chart

PepsiCo Boosts Annual Dividend By 4%

Pepsico (NYSE:PEP)
Historical Stock Chart

5 Years : From Oct 2011 to Oct 2016

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;

Your Recent History
Gulf Keyst..
FTSE 100
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

NYSE, AMEX, and ASX 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

P:43 V:us D:20161028 08:17:45