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Data last updated: Sep 02, 2026
Snapshot (as of Sep 02, 2026): PepsiCo, Inc. (PEP) pays a $5.75 annual dividend ($1.48 quarterly), yielding 4.11% at $139.79/share. Next ex-dividend date 2026-09-04. 27 consecutive years of dividend growth (Dividend Aristocrat). Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.11%
Annual Dividend: $5.75 per share
Payout Ratio: 74.5%
Ex-Dividend Date: 2026-09-04
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 55
PepsiCo, Inc. dividend investors get exposure to one of the world's largest food and beverage companies, spanning snacks like Frito-Lay chips, Quaker oats, and a broad portfolio of beverages sold through supermarkets, convenience stores, and direct-to-consumer channels globally. PEP currently yields 4.07%, placing it in high-yield territory for a Consumer Defensive stock. The trailing annual dividend rate is $5.7475 per share, paid quarterly, with the next ex-dividend date on September 4, 2026. A Dividend Aristocrat with 27 consecutive years of increases, PEP carries a beta of 0.361, making it a low-volatility option for income-focused investors.
PepsiCo, Inc. pays out 74.5% of earnings as dividends, a payout ratio classified as elevated (60–75%). That level is supported by the company's broad distribution across wholesale partners, food service providers, and multiple retail formats, which generates recurring demand across both its snack and beverage segments. PepsiCo, Inc. dividend safety is the central question at this payout level: there is limited room for earnings pressure before the ratio climbs further, and any meaningful decline in net income would tighten the cushion between earnings and the current $5.7475 annual rate.
Over the past 14 years, PepsiCo, Inc. dividend history shows a CAGR of 7.6% per year from 2011 to 2025. The per-share dividend grew from $2.0250 to $5.6240 over that period (2026 data is partial and excluded from the growth calculation). The smallest annual increase in the window was 5.1% in 2012, which sets a floor for what slower growth years have looked like. At 7.6% annually, the dividend has more than doubled in 14 years, a meaningful compounding rate for income investors reinvesting at current yield levels.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +7.5% | $4.53 (2022) | $5.62 (2025) |
| 5-Year | +6.9% | $4.02 (2020) | $5.62 (2025) |
| 10-Year | +7.4% | $2.76 (2015) | $5.62 (2025) |
PepsiCo, Inc. suits income-focused investors who want a high current yield backed by a long increase streak, and are comfortable accepting a payout ratio at the upper end of the typical range. The current yield of 4.07%, classified as high (above 4%), sits well above PEP's own 5-year average yield of 3.5%, which means today's buyers are locking in a historically elevated entry yield. As a Dividend Aristocrat with 27 consecutive years of increases, the company has demonstrated a clear commitment to growing the payout. The trade-off is a 74.5% payout ratio that leaves less margin for error, and dividend growth, while historically averaging 7.6% annually, is not fast. Income is the defining characteristic here, not growth.
PEP is a Dividend Aristocrat with 27 consecutive years of dividend increases.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-04 | $1.4800 |
| 2026-06-05 | $1.4800 |
| 2026-03-06 | $1.4230 |
| 2025-12-05 | $1.4230 |
| 2025-09-05 | $1.4230 |
| 2025-06-06 | $1.4230 |
| 2025-03-07 | $1.3550 |
| 2024-12-06 | $1.3550 |
| 2024-09-06 | $1.3550 |
| 2024-06-07 | $1.3550 |
| Year | Total Dividends |
|---|---|
| 2026 | $4.3830 |
| 2025 | $5.6240 |
| 2024 | $5.3300 |
| 2023 | $4.9450 |
| 2022 | $4.5250 |
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