SHERIDAN, WYOMING – Feb. 6, 2025 – The Board of Directors of PepsiCo, Inc. (NASDAQ: PEP) has declared a quarterly dividend increase, marking the company's continued commitment to returning value to its shareholders. This announcement follows a series of dividend increases, demonstrating PepsiCo's financial strength and dedication to its investors.
Dividend Increase Details
The board declared a quarterly dividend of $1.355 per share of PepsiCo common stock, a 7 percent increase compared to the same period last year. This dividend is payable on March 31, 2025, to shareholders of record at the close of business on March 7, 2025. This action aligns with PepsiCo's previously announced increase in its annualized dividend to $5.42 per share from $5.06 per share, which began with the June 2024 payment.
Further Dividend Growth
Adding to the positive news for investors, PepsiCo announced on February 4, 2025, a further 5 percent increase in its annualized dividend. This raises the dividend from $5.42 per share to $5.69 per share, which is expected to take effect with the June 2025 payment.
A History of Dividends
PepsiCo has a long-standing history of consistent dividend payments, having paid consecutive quarterly cash dividends since 1965. The 2025 dividend increase marks the company's 53rd consecutive year of raising its annual dividend. This consistent growth underscores PepsiCo's commitment to delivering value to its shareholders over the long term.
About PepsiCo
PepsiCo is a global leader in the beverage and convenient foods industry. Its products are enjoyed by consumers more than one billion times a day in over 200 countries and territories worldwide. In 2024, PepsiCo generated nearly $92 billion in net revenue, fueled by a diverse portfolio of well-known brands. These brands include Lay's, Doritos, Cheetos, Gatorade, Pepsi-Cola, Mountain Dew, Quaker, and SodaStream. PepsiCo's portfolio boasts a wide variety of enjoyable foods and beverages, with many iconic brands generating over $1 billion each in estimated annual retail sales.
PepsiCo's Vision: Winning with pep+
At the heart of PepsiCo's operations is its vision to "Be the Global Leader in Beverages and Convenient Foods by Winning with pep+ (PepsiCo Positive)." Pep+ represents PepsiCo's strategic end-to-end transformation, placing sustainability and human capital at the forefront of its value creation and growth strategy. This commitment to sustainability and positive change guides PepsiCo's operations within planetary boundaries and inspires positive change for both the planet and its people.
Looking Ahead
PepsiCo's consistent dividend increases and its focus on sustainable growth through pep+ demonstrate the company's commitment to long-term value creation for its shareholders and its stakeholders. The company continues to innovate and adapt to evolving consumer preferences while maintaining its strong financial performance.