US: Pepsi Bottling declares latest dividend

By just-drinks.com editorial team | 22 February 2007

The Pepsi Bottling Group has declared a quarterly dividend on its common stock.

PBG, the world's largest bottler of PepsiCo products, said yesterday (21 February) that it would pay a dividend of US$0.11 a share. The dividend is payable on 30 March to PBG shareholders of record on 9 March.

Last month, PBG said it expects operating profit to rise by up to 4% this year on the back of rising sales in the US and overseas.

In 2006, PBG saw operating income fall slightly by less than 1% to US$1.01bn due to a change in account reporting. Excluding this impact, earnings rose 6%. Group revenues for the year rose 7% to US$12.7bn.

Sectors: Soft drinks, Water

Companies: Pepsi Bottling, PepsiCo