It’s the company’s 39th consecutive annual dividend increase.
The quarterly dividend of $0.515 is payable 30 June 2011 to shareholders of record on 3 June 2011.
“PepsiCo has a long and consistent track record of delivering strong operating results and achieving top-tier financial performance,” said PepsiCo chairman and CEO Indra Nooyi. “The board’s decision to once again raise the annual dividend reflects our confidence in both the near- and long-term growth of our business as well as our ongoing commitment to delivering strong cash returns to shareholders.
“Since the beginning of 2001, we’ve returned over $48bn to shareholders in the form of dividends and share repurchases.”
Source: PepsiCo
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