Pepsico, Inc. (NASDAQ:PEP) will begin trading ex-dividend on December 3, 2020. The quarterly dividend payment of $ 1.0225 per share is scheduled to be paid on January 7, 2021. The dividend yield based on the latest trading day closing price was 2.80 percent. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date of December 3, 2020.
Dividends History
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Pepsico, Inc. recently reported third quarter financial results on October 1, 2020, before market open, food and beverage giant communicated income for the third quarter of $ 1.66 per share, from the revenue of $ 18,091.00 million. The quarterly earnings gained 6.41 percent while revenues escalated 5.25 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.49 per share from $ 17230.00 million in revenue. The bottom line results beat street analysts by $ 0.17 or 11.41 percent, at the same time, top line results outshined analysts by $ 861.00 million or 5.00 percent.
Stock Performance
Shares of Pepsico, Inc. traded up $ 1.84 or 1.28 percent on Tuesday, reaching $ 146.07 with volume of 3.42 million shares. Pepsico, Inc. has traded high as $ 146.63 and has cracked $ 144.50 on the downward trend
According to the previous trading day, closing price of $ 146.07, representing a 42.21 % increase from the 52 week low of $ 101.42 and a 2.02 % decrease over the 52 week high of $ 147.20.
The company has a market capital of $ 201.86 billion and is part of the Consumer Defensive sector and Beverages – Soft Drinks industry.
PepsiCo, Inc. operates as a food and beverage company worldwide. The companys Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lays potato, Ruffles potato, and Tostitos tortilla chips.