PURCHASE, N.Y., July 14, 2016 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NYSE: PEP) today declared a quarterly dividend of $0.7525 per share of PepsiCo common stock, a 7.1 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $3.01 per share from $2.81 per share, which began with the June 2016 payment. This dividend is payable on September 30, 2016 to shareholders of record at the close of business on September 2, 2016. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2016 marks the company's 44th consecutive annual dividend increase.
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world. PepsiCo generated more than $63 billion in net revenue in 2015, driven by a complementary food and beverage portfolio that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail sales.
At the heart of PepsiCo is Performance with Purpose – our goal to deliver top-tier financial performance while creating sustainable growth and shareholder value. In practice, Performance with Purpose means providing a wide range of foods and beverages from treats to healthy eats; finding innovative ways to minimize our impact on the environment and reduce our operating costs; providing a safe and inclusive workplace for our employees globally; and respecting, supporting and investing in the local communities where we operate. For more information, visit www.pepsico.com.
Statements in this communication that are "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. Terminology such as "believe," "expect," "intend," "estimate," "project," "anticipate," "will," or similar statements or variations of such terms are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo's products; regulatory initiatives, including the imposition of new or increased taxes; PepsiCo's ability to compete effectively; unstable political conditions, civil unrest or other developments and risks in the markets where PepsiCo's products are made, manufactured, distributed or sold; unfavorable economic conditions in the countries in which PepsiCo operates; supply or business disruptions; failure to realize anticipated benefits from PepsiCo's productivity initiatives or global operating model; product quality, safety and integrity issues; damage to PepsiCo's reputation or brand image; fluctuations or other changes in exchange rates; and other factors discussed in PepsiCo's filings with the Securities and Exchange Commission. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE PepsiCo, Inc.