This marks the 39th consecutive year that Pepsi has raised their dividend.
Pepsi increased their dividend by 7%, but their dividend yield is still below Coca Cola's 3.3% yield.
While Coca Cola stock has outperformed Pepsi over the last several years, Pepsi appears poised to reverse that trend and offers investors a solid dividend with strong growth potential.
The Board of Directors of Pepsi has approved a 6% increase in the company’s quarterly dividend to $.45 per share.
Pepsi Bottling Group announced that their board of directors has approved a 6% increase in their quarterly dividend to $.18 per share.
PepsiCo announced a quarterly dividend of $.425 per share. The dividend will be payable on March 31, 2009 to shareholders of record as of March 6, 2009.