NEW YORK, March 15 (Reuters) - PepsiCo Inc said on Monday it will raise its dividend by 7 percent to $1.92 a share annually, and also announced plans to buy back up to $15 billion of common shares through June 2013.
The world's No. 2 soft-drink maker said the increase in dividend will take effect when the board declares the next quarterly dividend, which is currently expected to be paid on June 30 to shareholders of record on June 4.
(Reporting by Dhanya Skariachan, editing by Gerald E. McCormick)
((dhanya.skariachan @thomsonreuters.com; + 1 646 223 6191; Reuters Messaging:dhanya.skariachan.reuters.com@reuters.net)) Keywords: PEPSI/ (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The world's No. 2 soft-drink maker said the increase in dividend will take effect when the board declares the next quarterly dividend, which is currently expected to be paid on June 30 to shareholders of record on June 4.
(Reporting by Dhanya Skariachan, editing by Gerald E. McCormick)
((dhanya.skariachan @thomsonreuters.com; + 1 646 223 6191; Reuters Messaging:dhanya.skariachan.reuters.com@reuters.net)) Keywords: PEPSI/ (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra: visit http://topnews.session.rservices.com * BridgeStation: view story .134 For more information on Top News: http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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