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USA: PepsiCo Increases Dividend

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The Board of Directors of PepsiCo, Inc. has approved a one-half cent per share increase in the quarterly dividend, raising it from 13 1/2 cents to 14 cents per share. The increase marks the 28th consecutive year of increased annual dividends. PepsiCo's dividend is payable June 30, 2000 to shareholders of record on June 9, 2000.


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