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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