The Pepsi Bottling Group has declared its quarterly dividend. The board of directors yesterday announced that it is to pay $0.01 per share on PBG's common stock.

The dividend is payable on 31 March this year to shareholders of record on 12 March.

In January this year, PBG announced fourth quarter net income of US$69m compared to $57m year-on-year. Full year income, before the cumulative effect of the adoption of a new accounting principle, fell to $422m from $428m in 2002, while earnings per share for Q4 reached $0.26 and EPS for the full year was $1.52.