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PepsiCo, Inc. (NASDAQ:PEP) Plans Quarterly Dividend of $1.48
PepsiCo (NASDAQ:PEP) announced a quarterly dividend increase to $1.48 per share, marking its 54th consecutive year of dividend increases. The dividend, payable on June 30th to shareholders of record on June 5th, represents a 4.0% increase and a roughly 3.8% yield. The company’s dividend payout is considered well-covered with a current payout ratio of 68.1% and expected future ratio of 62.1%, supported by recent strong earnings performance.