MarketPR

PepsiCo dividend raise extends 54-year streak as PEP shares lag sector peers

9/9/2026

A May 2026 dividend raise at PepsiCo (NASDAQ: PEP) set the quarterly payout at $1.48 per share, a 4% increase from both the prior quarter and the year-ago period, carrying a 4.3% annual yield against recent prices.

PEP shares have dropped 14.3% over the six months ended September 8, a stretch in which Coca-Cola (NYSE: KO), Keurig Dr Pepper (NASDAQ: KDP), and Monster Beverage (NASDAQ: MNST) each gained at least 13%.

The next confirmable data point is quarterly results, where free cash flow coverage will determine whether the 54-year payout streak has room to continue.

The numbers behind the streak PepsiCo's May raise extended a dividend growth run that started in 1972, now 54 years long and well past the 50-year threshold that earns the Dividend King designation.