PepsiCo announces $1.48 quarterly dividend following solid Q2 earnings

PepsiCo, Inc. has announced a quarterly dividend of $1.48 per share. Investors of record as of September 4th will receive the payment on September 30th, representing an annualized dividend of $5.92 and a yield of 4.2%.

In its recent second-quarter financial results, the company reported revenue of $24.18 billion, a 6.4% increase compared to the same period last year. Earnings per share stood at $2.20, slightly exceeding the consensus estimate of $2.19. Despite these solid earnings and consistent dividend growth—having raised payments annually for 54 years—the stock has recently traded near its 52-week low, with a market capitalization of approximately $191 billion.