PURCHASE, N.Y., July 17, 2014 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NYSE: PEP) has declared a quarterly dividend of $0.655 per share of PepsiCo common stock. The dividend is payable on September 30, 2014, to shareholders of record as of September 5, 2014. This quarterly dividend is a 15 percent increase versus the comparable year-earlier period.
PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2014 marks the company's 42 nd consecutive annual dividend increase. Over the past 10 years PepsiCo has returned approximately $60 billion to shareholders in the form of dividends and share repurchases. The company expects to return $8.7 billion to shareholders in the form of dividends and share repurchases in 2014, a 35 percent increase from 2013. About PepsiCo 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 $66 billion in net revenue in 2013, 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 in 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.