Pepsi raises dividend by 10%

PepsiCo Inc. PEP said late Tuesday that its board of directors has declared a dividend of $1.265 a share, a 10% increase, payable on June 30 to shareholders of record as of June 2. PepsiCo’s has announced an increase in its annualized dividend to $5.06 a share from $4.60 a share, which will begin with the June payment. “PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2023 marks the company’s 51st consecutive annual dividend increase,” Pepsi said.

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