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Pepsi annual dividend up 4 percent

By Leon Stafford
May 2, 2012

Pepsi shareholders will get an increase in their dividends.

The beverage giant on Wednesday announced it would bump up annual dividends by four percent, increasing the rate from $2.06 per share to $2.15 per share for common stock. The increase in the annual dividend is the 40th in a row for the company.

Pepsi will pay its quarterly dividend of 53 cents on June 29 for shareholders of record on June 1.

"PepsiCo is focused on delivering sustainable long-term growth and strong cash returns to shareholders," Indra Nooyi, chairwoman and chief executive officer, said in a statement. "The Board's decision to increase our annual dividend demonstrates the confidence we have in the fundamental strength of PepsiCo's business and our future growth prospects."

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Leon Stafford covers south metro government

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