Yesterday the Board of Directors of PepsiCo Inc. announced a quarterly dividend increase of from $0.655 to $0.7025 per share that’s payable June 30, 2015 to holders of record June 5, 2015. This represents a 7.3% increase to regular quarterly dividends. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2015 marks the company's 43rd consecutive annual dividend increase. With current price $95.42 (Yesterday's close), this raise brings their dividend yield to 2.94%.
Since I own 100 shares, this will increase my portfolio's projected annual net dividend income by $14.16.
That increase rises my YOC to 3.61%.
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You can follow the development of my dividends here.