PepsiCo (PEP) Dividend History & Yield
Dividend KingPepsiCo (PEP) has increased its dividend for 54 consecutive years and currently yields 3.81%. The most recent dividend was $1.4225/share on Mar 31, 2026, paid Quarterly.
PEP
Current Yield
3.81%
TTM Dividend/Share
$5.69
Payment Frequency
Quarterly
Payout Ratio
89.3%
Consecutive Growth Years
54 (Dividend King)
Div Growth (1Y CAGR)
5.49%
Div Growth (5Y CAGR)
6.93%
Div Growth (10Y CAGR)
7.36%
PEP: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
10.7%
FCF payout ratio
22.3%
Net debt / EBITDA
2.8x
Interest coverage
12.19x
ROIC (TTM)
13.6%
Dividend Safety Score
5 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 89.3%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($5.61) does not fully cover dividend/share ($5.69).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
54 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 22.3%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 2.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (6.9%) exceeds EPS growth (0.1%) — payout ratio expanding.
Per-payment dividend history
Ex-date Jun 5, 2026
- Payment date
- Jun 30, 2026
- Dividend
- $1.4800
- Adj. dividend
- $1.4800
Ex-date Mar 6, 2026
- Payment date
- Mar 31, 2026
- Dividend
- $1.4225
- Adj. dividend
- $1.4225
Ex-date Dec 5, 2025
- Payment date
- Jan 6, 2026
- Dividend
- $1.4225
- Adj. dividend
- $1.4225
Ex-date Sep 5, 2025
- Payment date
- Sep 30, 2025
- Dividend
- $1.4225
- Adj. dividend
- $1.4225
Ex-date Jun 6, 2025
- Payment date
- Jun 30, 2025
- Dividend
- $1.4225
- Adj. dividend
- $1.4225
Ex-date Mar 7, 2025
- Payment date
- Mar 31, 2025
- Dividend
- $1.3550
- Adj. dividend
- $1.3550
Ex-date Dec 6, 2024
- Payment date
- Jan 6, 2025
- Dividend
- $1.3550
- Adj. dividend
- $1.3550
Ex-date Sep 6, 2024
- Payment date
- Sep 30, 2024
- Dividend
- $1.3550
- Adj. dividend
- $1.3550
Ex-date Jun 7, 2024
- Payment date
- Jun 28, 2024
- Dividend
- $1.3550
- Adj. dividend
- $1.3550
Ex-date Feb 29, 2024
- Payment date
- Apr 1, 2024
- Dividend
- $1.2650
- Adj. dividend
- $1.2650
Ex-date Nov 30, 2023
- Payment date
- Jan 5, 2024
- Dividend
- $1.2650
- Adj. dividend
- $1.2650
Ex-date Aug 31, 2023
- Payment date
- Sep 29, 2023
- Dividend
- $1.2650
- Adj. dividend
- $1.2650
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 5, 2026 | Jun 30, 2026 | $1.4800 | $1.4800 |
| Mar 6, 2026 | Mar 31, 2026 | $1.4225 | $1.4225 |
| Dec 5, 2025 | Jan 6, 2026 | $1.4225 | $1.4225 |
| Sep 5, 2025 | Sep 30, 2025 | $1.4225 | $1.4225 |
| Jun 6, 2025 | Jun 30, 2025 | $1.4225 | $1.4225 |
| Mar 7, 2025 | Mar 31, 2025 | $1.3550 | $1.3550 |
| Dec 6, 2024 | Jan 6, 2025 | $1.3550 | $1.3550 |
| Sep 6, 2024 | Sep 30, 2024 | $1.3550 | $1.3550 |
| Jun 7, 2024 | Jun 28, 2024 | $1.3550 | $1.3550 |
| Feb 29, 2024 | Apr 1, 2024 | $1.2650 | $1.2650 |
| Nov 30, 2023 | Jan 5, 2024 | $1.2650 | $1.2650 |
| Aug 31, 2023 | Sep 29, 2023 | $1.2650 | $1.2650 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
PepsiCo has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 54 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $5.6225 | — | — |
| 2025 | $5.3300 | $5.6225 | +5.5% |
| 2024 | $4.9450 | $5.3300 | +7.8% |
| 2023 | $4.5250 | $4.9450 | +9.3% |
| 2022 | $4.2475 | $4.5250 | +6.5% |
| 2021 | $4.0225 | $4.2475 | +5.6% |
| 2020 | $3.7925 | $4.0225 | +6.1% |
| 2019 | $3.5875 | $3.7925 | +5.7% |
| 2018 | $3.1675 | $3.5875 | +13.3% |
| 2017 | $2.9600 | $3.1675 | +7.0% |
| 2016 | $2.7625 | $2.9600 | +7.1% |
| 2015 | $2.5325 | $2.7625 | +9.1% |
| 2014 | $2.2395 | $2.5325 | +13.1% |
| 2013 | $2.1270 | $2.2395 | +5.3% |
| 2012 | $2.0250 | $2.1270 | +5.0% |
| 2011 | $1.8900 | $2.0250 | +7.1% |
| 2010 | $1.7750 | $1.8900 | +6.5% |
| 2009 | $1.6500 | $1.7750 | +7.6% |
| 2008 | $1.4250 | $1.6500 | +15.8% |
| 2007 | $1.1600 | $1.4250 | +22.8% |
| 2006 | $1.0100 | $1.1600 | +14.9% |
| 2005 | $0.8500 | $1.0100 | +18.8% |
| 2004 | $0.6300 | $0.8500 | +34.9% |
| 2003 | $0.5950 | $0.6300 | +5.9% |
| 2002 | $0.5750 | $0.5950 | +3.5% |
| 2001 | $0.5550 | $0.5750 | +3.6% |
| 2000 | $0.5350 | $0.5550 | +3.7% |
| 1999 | $0.5150 | $0.5350 | +3.9% |
| 1998 | $0.4900 | $0.5150 | +5.1% |
| 1997 | $0.4450 | $0.4900 | +10.1% |
| 1996 | $0.3900 | $0.4450 | +14.1% |
| 1995 | $0.3500 | $0.3900 | +11.4% |
| 1994 | $0.3050 | $0.3500 | +14.8% |
| 1993 | $0.2550 | $0.3050 | +19.6% |
| 1992 | $0.2300 | $0.2550 | +10.9% |
| 1991 | $0.1917 | $0.2300 | +20.0% |
| 1990 | $0.1600 | $0.1917 | +19.8% |
| 1989 | $0.1333 | $0.1600 | +20.0% |
| 1988 | $0.1117 | $0.1333 | +19.4% |
| 1987 | $0.1047 | $0.1117 | +6.6% |
| 1986 | $0.0975 | $0.1047 | +7.4% |
| 1985 | $0.0925 | $0.0975 | +5.4% |
| 1984 | $0.0900 | $0.0925 | +2.8% |
| 1983 | $0.0878 | $0.0900 | +2.5% |
| 1982 | $0.0789 | $0.0878 | +11.3% |
| 1981 | $0.0700 | $0.0789 | +12.7% |
| 1980 | $0.0614 | $0.0700 | +14.0% |
| 1979 | $0.0542 | $0.0614 | +13.3% |
| 1978 | $0.0458 | $0.0542 | +18.2% |
| 1977 | $0.0352 | $0.0458 | +30.3% |
| 1976 | $0.0278 | $0.0352 | +26.7% |
| 1975 | $0.0241 | $0.0278 | +15.4% |
| 1974 | $0.0211 | $0.0241 | +14.0% |
| 1973 | — | $0.0211 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for PepsiCo (PEP) from the consolidated cash flow statement, in USD as filed.
Latest period
$7.72B
YoY change
+5.7%
5Y CAGR
+6.8%
Peak year (2025)
$7.64B
Latest annual
$7.64B
Cash dividends paid over time for PepsiCo (PEP)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for PepsiCo (PEP)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $7.64B | +5.7% | +$409.00M | ||
| 2024 | $7.23B | +8.2% | +$547.00M | ||
| 2023 | $6.68B | +8.3% | +$510.00M | ||
| 2022 | $6.17B | +6.1% | +$357.00M | ||
| 2021 | $5.82B | +5.6% | +$306.00M | ||
| 2020 | $5.51B | +3.9% | +$205.00M | ||
| 2019 | $5.30B | +7.6% | +$374.00M | ||
| 2018 | $4.93B | +10.2% | +$458.00M | ||
| 2017 | $4.47B | +5.8% | +$245.00M | ||
| 2016 | $4.23B | +4.6% | +$187.00M | ||
| 2015 | $4.04B | +8.3% | +$310.00M | ||
| 2014 | $3.73B | +8.6% | +$296.00M | ||
| 2013 | $3.43B | +3.9% | +$129.00M | ||
| 2012 | $3.31B | +4.7% | +$148.00M | ||
| 2011 | $3.16B | +6.0% | +$179.00M | ||
| 2010 | $2.98B | +9.0% | +$246.00M | ||
| 2009 | $2.73B | +7.5% | +$191.00M | ||
| 2008 | $2.54B | +15.3% | +$337.00M | ||
| 2007 | $2.20B | +18.9% | +$350.00M | ||
| 2006 | $1.85B | +12.9% | +$212.00M | ||
| 2005 | $1.64B | +23.8% | +$316.00M | ||
| 2004 | $1.33B | +23.9% | +$256.00M | ||
| 2003 | $1.07B | +2.8% | +$29.00M | ||
| 2002 | $1.04B | +4.7% | +$47.00M | ||
| 2001 | $994.00M | +4.7% | +$45.00M | ||
| 2000 | $949.00M | +1.5% | +$14.00M | ||
| 1999 | $935.00M | +23.5% | +$178.00M | ||
| 1998 | $757.00M | +2.9% | +$21.00M | ||
| 1997 | $736.00M | +9.0% | +$61.00M | ||
| 1996 | $675.00M | +12.7% | +$76.00M | ||
| 1995 | $599.00M | +10.9% | +$58.80M | ||
| 1994 | $540.20M | +17.0% | +$78.60M | ||
| 1993 | $461.60M | +16.7% | +$66.10M | ||
| 1992 | $395.50M | +15.2% | +$52.30M | ||
| 1991 | $343.20M | +16.8% | +$49.30M | ||
| 1990 | $293.90M | +21.5% | +$52.00M | ||
| 1989 | $241.90M | — | — |
In 2025, PepsiCo (PEP) dividends paid totalled $7.64B – grew 5.7% year-over-year.
Over 2020–2025 (5 years), PepsiCo dividends paid expanded at a +6.8% compound annual rate, sustaining 36 straight years of year-over-year growth.
Across the available history, dividends paid reached its high of $7.64B in 2025 and its low of $241.90M in 1989.
PepsiCo (PEP) sits 4th of 8 Consumer Defensive peers we track on this metric, against a peer median of $7.23B.
PepsiCo Dividends Paid 2025: $7.64B
PepsiCo dividends paid in 2025 was $7.64B, grew 5.7% from 2024. This figure represents the highest annual value in the available history.
PepsiCo Dividends Paid 2024: $7.23B
PepsiCo dividends paid in 2024 was $7.23B, grew 8.2% from 2023.
PepsiCo Dividends Paid 2023: $6.68B
PepsiCo dividends paid in 2023 was $6.68B, grew 8.3% from 2022.
PepsiCo Dividends Paid 2022: $6.17B
PepsiCo dividends paid in 2022 was $6.17B, grew 6.1% from 2021.
PepsiCo Dividends Paid 2021: $5.82B
PepsiCo dividends paid in 2021 was $5.82B.
See more financial history for PepsiCo (PEP).
Sector peers by dividends paid
Companies in the same sector as PepsiCo, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Procter & Gamble (PG) | $9.87B | Consumer Defensive |
| Coca-Cola (KO) | $8.78B | Consumer Defensive |
| Philip Morris International (PM) | $8.62B | Consumer Defensive |
| Walmart (WMT) | $7.51B | Consumer Defensive |
| Altria Group (MO) | $6.96B | Consumer Defensive |
| Mondelez International (MDLZ) | $2.49B | Consumer Defensive |
| Costco (COST) | $2.18B | Consumer Defensive |
| Monster Beverage (MNST) | $0 | Consumer Defensive |
Frequently asked questions
Does PepsiCo pay dividends?
Yes, PepsiCo (PEP) pays quarterly dividends of approximately $5.69 per share annually, yielding 3.81%.
What is PepsiCo's dividend yield?
PepsiCo (PEP) has a current dividend yield of 3.81%.
Is PepsiCo's dividend safe?
PepsiCo (PEP) passes 5 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has PepsiCo increased its dividend?
PepsiCo (PEP) has 54 consecutive years of dividend increases.
What is PepsiCo's dividend payout ratio?
PepsiCo (PEP) has a dividend payout ratio of 89.3%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is PepsiCo's dividends paid?
Latest reported dividends paid for PepsiCo (PEP) is $7.72B (period ending March 21, 2026).
How has PepsiCo dividends paid changed year-over-year?
PepsiCo (PEP) dividends paid changed +5.7% year-over-year on the latest annual filing.
What is the long-term growth rate of PepsiCo dividends paid?
PepsiCo (PEP) dividends paid compound annual growth rate is +6.8% over the most recent 5 years available.
When did PepsiCo dividends paid hit its highest annual value?
PepsiCo dividends paid reached its highest annual value of $7.64B in 2025.
What was PepsiCo dividends paid in 2024?
PepsiCo (PEP) dividends paid in 2024 was $7.23B.
What was PepsiCo dividends paid in 2025?
PepsiCo (PEP) dividends paid in 2025 was $7.64B.
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