PepsiCo Inc. said Tuesday it is raising its quarterly dividend by 7.3% to 70.25 a share. The new dividend is payable on June 30 to shareholders of record as of June 5. The drinks giant said the hike is its 43rd consecutive annual increase. PepsiCo shares are up 0.9% in the year so far, while the S&P 500 has gained 1.5%.
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