PepsiCo: raises dividend 7% with quarterly results

(CercleFinance.com) - On its Q4 earnings call, PepsiCo reports that its Board of Directors has decided to increase its dividend by 7%, to an annualized rate of $5.
42 per share, starting with the quarterly dividend to be paid in June.

For Q4 2023, the operator of the Pepsi, Lays and Quaker brands posted core EPS of $1.78, up 9% at constant exchange rates, on revenues of over $27.8bn, with organic growth of 4.5%.

With core EPS of $7.62 for FY 2023, up 14% at constant exchange rates, with organic revenue growth of 9.5%, PepsiCo is growth of at least 8% and 4% respectively for 2024.


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