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Saturday, February 10, 2024

PEP Dividend Increase

PepsiCo (PEP) increased its quarterly dividend by 7.11%, from $1.265 to $1.355 per share.

The increased dividend is payable with the dividend expected to be paid in June 2024.

PEP's contribution to DivGro's projected annual dividend income will increase by $36 to $542.

I own 100 shares of PEP at an average cost basis of $149.83 per share. Following this increase, my yield on cost is 3.62%. (PEP's forward yield is 3.23% at $167.67 per share). 

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