The Pepsi Bottling Group has declared a quarterly dividend on its common stock.
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PBG, the world’s largest bottler of PepsiCo products, said yesterday (25 July) that it would pay a dividend of US$0.14 a share. The dividend is payable on 28 September to PBG shareholders of record on 7 September.
Earlier this month, The US-based bottler said that revenue in the second quarter of 2007 rose by 7% year-on-year, totalling US$3.4bn. Operating income grew by 10% and net income lifted to $162m compared to $148m for the same time last year.
While volumes in the US were flat, Canadian volumes rose by 3%. European volumes were up by 6%, driven by growth in CSDs and non-carbonated beverages in Russia. In Mexico, volumes were down by 3%.
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