Thursday, May 5, 2016

PepsiCo: Dividend Increase

7.1% Dividend Increase

PepsiCo announced on May 3rd that its dividend will be $0.7525 per share.  This raises the annual income per share to $3.01 compared to the previous $2.81 per share  The quarterly dividend is payable on June 30, 2016.

I currently own 2.5 shares of PEP so it does not add much income just like the previous JNJ raise, but its a big raise for me doing absolutely nothing! #slowandsteady This will be the companies 44th consecutive annual dividend increase.  Like JNJ, it is definitely a company that I would like to make a larger part of my portfolio in the future.

Thanks for stopping by!

Full Disclosure: Long JNJ, PEP

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4 comments:

  1. If only I owned PEP stock. I want to buy some, but it usually comes at a premium. Maybe later this year I'll get my chance.

    ReplyDelete
    Replies
    1. Ah surprised this is one you do not own, but yes it does seem to come at a premium!

      -TDM

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  2. Mogul,

    Was PUMPED when I read this, Pepsi has been well and consistent. Very happy here!

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      I will definitely be adding to my position throughout the year.

      Thanks for stopping by!

      -TDM

      Delete