PepsiCo has raised its current annual rate of $1.92 per share to $2.06

PepsiCo has raised its current annual rate of $1.92 per share to $2.06

PepsiCo has boosted its annual dividend payout by 7%.

The soft drinks maker has raised its current annual rate of US$1.92 per share to $2.06 per share on its common stock. The next quarterly payout, raised to $0.515 from $0.48 per share, will be paid on 30 June to shareholders of record on 3 June, it said today (4 May).

"PepsiCo has a long and consistent track record of delivering strong operating results and achieving top-tier financial performance," said PepsiCo's chairman and CEO, Indra Nooyi. "The board's decision to once again raise the annual dividend reflects our confidence in both the near- and long-term growth of our business as well as our ongoing commitment to delivering strong cash returns to shareholders."

This morning, the firm announced it had completed the sale of $1.75bn-worth of notes.