PepsiAmericas has announced its first quarter dividend.

The company said yesterday (28 February) that its board has approved a dividend of $0.135 per share on its common stock. The dividend is payable on 1 April to shareholders of record on 14 March.

Late last month, PepsiAmericas posted rising net income for 2007, which came in at US$212.1m, up from $158.3m in 2006, with operating income up to $436.1m from $356m. The profit rises were driven by increased sales in the year, up by 13% to $4.48bn.

PepsiAmericas is the world's second-largest manufacturer, seller and distributor of PepsiCo beverages with operations in 19 US states, Central Europe and the Caribbean.