PepsiCo Raises Dividend

PepsiCo will raise its quarterly dividend from $1.075 to $1.15, a seven percent increase. The dividend is payable June 30, 2022 to shareholders of record as of June 3, 2022.

The annual dividend will now be $4.60 per share.

PepsiCo has paid consecutive quarterly cash dividends since 1965, and this year is Pepsico's 50th consecutive annual dividend increase making it a Dividend King and a Dividend Aristocrat.

The dividend increases coupled with its price appreciation make PepsiCo is a premier growth stock. It is a great core holding for a long-term buy-and-hold stock portfolio.

Posted May 7, 2022