Dividend Aristocrat PepsiCo (PEP) will raise its quarterly dividend by 15.2 percent to $0.9275 per share in the second quarter of 2018. The new dividend yield for PEP is 3.7%.

The next dividend is payable on June 29, 2018 to shareholders of record at the close of business on June 1, 2018. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2018 marks the company's 46th consecutive annual dividend increase. In 2017 the dividend was hiked by 7.0 percent.

PepsiCo, Inc. is a global food and beverage company with brands including Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. Through its operations, authorized bottlers, contract manufacturers and other third parties, PepsiCo makes and sells convenient beverages, foods and snacks in more than 200 countries and territories. The company's six divisions are: Frito-Lay North America, Quaker Foods North America, North America Beverages, Latin America, Europe Sub-Saharan Africa and Asia, Middle East and North Africa. PepsiCo was incorporated in Delaware in 1919, reincorporated in North Carolina in 1986 and has been paying dividends without interruption since 1965.