PepsiCo has raised its dividend again

PepsiCo has raised its dividend again

PepsiCo has announced an increase in its third-quarter dividend payout.

The soft drinks and snacks maker will pay US$0.5675 per share, a 6% rise on last year's Q3 payment, PepsiCo said on Friday (19 July). The dividend is payable on 30 September to shareholders of record as of 6 September, the company said.

This year marks PepsiCo's 41st consecutive annual dividend increase, the group added.

Last week, an analyst said a break up of PepsiCo's food and drinks units “could ultimately happen” after calls for action by investor Nelson Peltz.