US: Pepsi Bottling Group ups dividend payment

By just-drinks.com editorial team | 27 March 2009

The Pepsi Bottling Group has confirmed details of its latest quarterly dividend payment.

The bottler, which posted a large slide in full-year net profits last month, said yesterday that its board has approved a 6% lift in its quarterly dividend.

Shareholders can now expect a payment of US$0.18 a share, up from the $0.17 paid for the corresponding quarter a year earlier. Payment will be made on 30 June to shareholders of record as of 6 June.

"Returning cash to shareholders remains a key priority for PBG, having paid out $4.2bn over the past six years," said PBG's chairman and CEO, Eric Foss. "We continue to maintain a strong balance sheet, ample liquidity, and the financial flexibility necessary for the future growth of the business."

Sectors: Soft drinks, Water

Companies: Pepsi Bottling