Dividend Increase – PepsiCo, Inc. (PEP)

Thursday, February 13, the Board of Directors of PepsiCo, Inc. announced a quarterly dividend increase from $ 0.955 to $ 1.0225 per share effective with the dividend expected to be paid in June 2020. This represents a 7.07% increase to the last quarterly dividend.

This represents the Company’s 48th consecutive annual dividend per share increase.

With current price $ 146.99 (Friday's close), this raise brings their dividend yield to 2.78 %.

Since I own 100 shares of PEP, this will increase my portfolio's projected annual net dividend income by $ 20.12.

This increase raises my YOC to 5.25%.

Summary of 2020 Dividend Increases / Cuts

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long PEP

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