PURCHASE, N.Y., Nov. 17, 2016 /PRNewswire/ -- The Board of
Directors of PepsiCo, Inc. (NYSE: PEP) today declared a quarterly dividend of $0.7525 per share of PepsiCo common
stock, a 7.1 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's
previously announced increase in its annualized dividend to $3.01 per share from $2.81 per share, which began with the June 2016 payment. This dividend is payable
on January 6, 2017 to shareholders of record at the close of business on December 2, 2016.
PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2016 marks the company's 44th consecutive
annual dividend increase.
About PepsiCo
PepsiCo products are enjoyed by consumers one billion times a day in more than 200 countries and territories around the world.
PepsiCo generated more than $63 billion in net revenue in 2015, driven by a complementary food and beverage portfolio
that includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. PepsiCo's product portfolio includes a wide range of
enjoyable foods and beverages, including 22 brands that generate more than $1 billion each in estimated annual retail
sales.
At the heart of PepsiCo is Performance with Purpose – our fundamental belief that the success of our company is inextricably
linked to the sustainability of the world around us. We believe that continuously improving the products we sell, operating
responsibly to protect our planet and empowering people around the world is what enables PepsiCo to run a successful global
company that creates long-term value for society and our shareholders. For more information, visit www.pepsico.com.
Cautionary Statement
Statements in this communication that are "forward-looking statements" are based on currently available information, operating
plans and projections about future events and trends. Terminology such as "believe," "expect," "intend," "estimate," "project,"
"anticipate," "will," or similar statements or variations of such terms are intended to identify forward-looking statements,
although not all forward-looking statements contain such terms. Forward-looking statements inherently involve risks and
uncertainties that could cause actual results to differ materially from those predicted in any such forward-looking statement.
Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo's products, as a result of changes in
consumer preferences, increased taxes on our products or otherwise; changes in or failure to comply with, applicable laws and
regulations; imposition by any jurisdiction (within or outside the U.S.) of new or increased taxes or other measures that impact
our products and the timing thereof, disagreements with tax authorities or additional tax liabilities; PepsiCo's ability to
compete effectively; PepsiCo's ability to grow its business in developing and emerging markets or unstable political conditions,
civil unrest or other developments and risks in the markets where PepsiCo's products are made, manufactured, distributed or sold;
unfavorable economic conditions in the countries in which PepsiCo operates; increased costs, disruption of supply or shortages of
raw materials and other supplies; failure to realize anticipated benefits from PepsiCo's productivity initiatives or global
operating model; business disruptions; product contamination or tampering or issues or concerns with respect to product quality,
safety and integrity; damage to PepsiCo's reputation or brand image; failure to successfully complete or integrate acquisitions
and joint ventures into PepsiCo's existing operations or to complete or manage divestitures or refranchisings; changes in
estimates and underlying assumptions regarding future performance that could result in an impairment charge; PepsiCo's ability to
recruit, hire or retain key employees or a highly skilled and diverse workforce; loss of any key customer or changes to the
retail landscape; any downgrade or potential downgrade of PepsiCo's credit ratings; the ability to protect information systems
against or effectively respond to a cyber attacks or other cyber incidents or other disruption; PepsiCo's ability to implement
shared services or utilize information technology systems and networks effectively; fluctuations or other changes in exchange
rates, including the impact of currency controls or other currency exchange restrictions; the impact of deconsolidating our
Venezuelan subsidiaries; climate change, or legal, regulatory or market measures to address climate change; failure to
successfully negotiate collective bargaining agreements or strikes or work stoppages; any infringement of or challenge to
PepsiCo's intellectual property rights; potential liabilities and costs from litigation or legal proceedings; and other factors
that may adversely affect the price of PepsiCo's common stock and financial performance.
For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from
those set forth herein, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent
annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on
any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update
any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE PepsiCo, Inc.