The Board of Directors of PepsiCo today declared a quarterly dividend of 15 cents per share. The dividend is payable January 2, 2003 to shareholders of record on December 6, 2002. In October, PepsiCo announced its earnings per share grew 14% for its third quarter as most of its units posted gains in sales and profits. Fully diluted earnings per share for the third quarter of 2002 were up 14% to 56 cents, on a comparable basis. On a reported basis, earnings per share for the quarter were $0.54, an increase of 57% over the prior year.