This morning, Pepsico (NYSE:PEP) declared its quarterly dividend of 51.5 cents per share, an increase of about 7% over its prior dividend. Based on the current stock price, investors can expect a yield of about 2.9% going forward.
Shares of Pepsico were higher on the news, gaining 0.3% today.
In other dividend news, Exelon (NYSE:EXC) maintained its quarterly dividend of 52.5 cents per share. Allergan (NYSE:AGN) maintained its quarterly dividend of 5 cents per share. Magna International (NYSE:MGA) maintained its quarterly dividend of 25 cents per share. And Yamana Gold (NYSE:AUY) maintained its quarterly dividend of 3 cents per share.
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