PepsiCo Announces Dividend Increase
13% Rise in Dividend is PepsiCo's 36th Consecutive Increase
PURCHASE, N.Y., May 7 /PRNewswire-FirstCall/ -- The Board of Directors of PepsiCo today declared an increase in the annual dividend, from the current $1.50 to $1.70 per share on PepsiCo common stock. The quarterly dividend of $0.425 is payable June 30, 2008, to shareholders of record on June 6, 2008.
"We are pleased to reward shareholders with our thirty-sixth annual dividend increase, continuing our track record of strong performance," said PepsiCo Chairman and CEO Indra Nooyi. "The dividend reflects our continued commitment to maximize the value of our shareholders' investment and our confidence in the future growth of our business."
PepsiCo (NYSE: PEP) is one of the world's largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo's commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company's impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. As a member of the Dow Jones Sustainability World Index (DJSI World) and the Dow Jones Sustainability North America Index (DJSI North America), PepsiCo is a recognized leader in sustainability. For more information, please visit http://www.pepsico.com/.
SOURCE PepsiCo
The Div Guy owns shares of PEP at the time of this post.
PepsiCo (PEP) Increases Dividend 13%
Posted by Div Guy | Saturday, May 10, 2008 | dividend stock, investing, stock | 8 comments »
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PEP has done well the last few years. It may be time for me to look at them again.
Best Wishes,
D4L
D4L,
I think PEP and KO are both great long term stocks. They have both come down recently and this may be a good time to start buying. I have also been looking at BUD but have not bought any yet.
Both PEP and KO are great stocks and will likely be great stocks over the next several decades. You do want to get into them at a good price point however.
I think that PEP has reached that point right now. KO has to go $2-$3 south in order to reach my buy trigger.. Of course in the very long-term 4%-6% won't matter that much.
DGI,
Good point price does matter. I like PEP a little better than KO at this point.
DG,
Both PEP and KO are good long term play. Sustainability, dividend growth, cash flow, presence emerging markets, etc. From a dividend portfolio standpoint, buying at fair value price is very important. The question still is what is fair value – varies for each investor. At this time, in relative terms PEP is in better position. KO needs to go down little bit more.
DT
DT,
I agree that PEP is at a better price and I am adding to my position.
If I decide to take the leap into long term holdings outside of our retirement accounts, PEP would be one of my first choices. Good call!
Ralph,
I was talking to my 7 year old about investing in a stock for his recent birthday and he wants to invest in Pepsi. I gave him 6 companies to think about and he loves Pepsi and Doritos so he is going with PEP. I think it will be a great long term pick.