|Bid||143.53 x 1100|
|Ask||145.00 x 1000|
|Day's Range||143.70 - 144.92|
|52 Week Range||101.42 - 147.20|
|Beta (5Y Monthly)||0.56|
|PE Ratio (TTM)||28.55|
|Forward Dividend & Yield||4.09 (2.84%)|
|Ex-Dividend Date||Dec 03, 2020|
|1y Target Est||N/A|
If you've ever tucked into a packet of Frito-Lay potato chips while watching a movie at home or refreshed yourself with a can of Gatorade after a gym workout, you would be enjoying one of the myriad brands and products offered by PepsiCo (NASDAQ: PEP). The food and beverage giant owns a multitude of brands that it has built up steadily over the years. The coronavirus pandemic has, however, hurt a swath of food and beverage companies, as cafes and restaurants have been forced to temporarily shut around the globe due to lockdowns and movement restrictions.
Industry leaders such as Starbucks (NASDAQ: SBUX) and PepsiCo (NASDAQ: PEP) had huge sales declines at the beginning of lockdowns, but they're crawling out from under the mess. Starbucks has taken coffee to the next level with its more than 32,000 global cafes. Sales and comps both score notch high growth numbers in a typical quarter, but they bottomed out at as low as a 65% decline during the company's third quarter.
PepsiCo Inc. said late Thursday its board of directors have authorized a quarterly dividend of $1.0225 a share, a 7% increase from the comparable year-ago period. The move is consistent with PepsiCo's previously announced increase in its annualized dividend to $4.09 a share from $3.82 a share, which began with the June 2020 payment, the company said. The quarterly dividend is payable on Jan. 7 to shareholders of record on Dec. 4. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2020 marked the company's 48th consecutive annual dividend increase, it said.