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Additional information
Additional Information
Market: NYSE
Sector: Food Retailers & Wholesalers
Epic: PEP
News: Latest news
Web Site: PepsiCo
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PepsiCo

PepsiCo

PepsiCo's is a diversified food and beverage group, whose products include oat, rice and grain-based snacks, as well as carbonated and non-carbonated beverages. Its operations are in the United States, Canada, Mexico and the United Kingdom.

Monday, March 15, 2010

Pepsi increases share repurchase program to US$15 billion

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PepsiCo (NYSE:PEP) has increased its interim dividend and extended and expanded its share repurchase program to US$15 billion.


The food and beverage group, which owns several leading brands including Gatorade, Frito-Lay and Pepsi-Cola, is increasing the interim dividend by 7% to US$1.92 per share, from US$1.80 per share. In additional to the dividend boost, PepsiCo has also expanded its share repurchase program to US$15 billion through to June 2013. The US$60 billion revenue per annum group said the news reflected its confidence in the growth of its businesses and strong cash flow.


PepsiCo has already made US5600 million in voluntary pension contributions this year and is planning to repurchase US$4.4 billion in common stock in 2010. The NYSE listed group currently has authorization to acquire up to US$6.4 billion in common stock up to June 2010.


PepsiCo’s 19 product lines are sold in more than 200 countries.

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