PepsiCo, Inc. (PEP) Dividend
Dividend King — 50 consecutive years of dividend increases.
PepsiCo, Inc. (PEP) currently pays a dividend yield of 4.26%, distributing $5.92 per share annually ($1.48 per quarter). The company operates in the Consumer Defensive sector.
PEP has raised its dividend for 50 consecutive years, earning it Dividend King status — an elite group of companies with 50 or more years of uninterrupted dividend increases.
PEP dividend at a glance
| Dividend Yield | 4.26% |
|---|---|
| Annual Dividend | $5.92 per share |
| Per Payment | $1.48 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | September 5, 2026 |
| Next Payment Date | September 26, 2026 |
| Payout Ratio | 75% |
| Consecutive Years of Dividend Growth | 50 |
| Sector | Consumer Defensive |
| Implied Share Price (from yield) | $138.97 |
What PEP pays on a $10,000 investment
At a 4.26% yield, $10,000 invested in PEP generates about $426.00 per year, or roughly $106.50 every quarter. Share counts below use an implied price of $138.97, derived from the $5.92 annual dividend and the 4.26% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 7.2 | $42.60 | $10.65 |
| $5,000 | 36 | $213.00 | $53.25 |
| $10,000 | 72 | $426.00 | $106.50 |
| $25,000 | 179.9 | $1,065.00 | $266.25 |
| $100,000 | 719.6 | $4,260.00 | $1,065.00 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
PEP dividend payment schedule
PEP pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is September 5, 2026, with payment on September 26, 2026. Later rows are projected forward at the same interval and will shift when PepsiCo, Inc. declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| September 5, 2026 | September 26, 2026 | $1.48 | Confirmed |
| December 5, 2026 | December 26, 2026 | $1.48 | Projected |
| March 5, 2027 | March 26, 2027 | $1.48 | Projected |
| June 5, 2027 | June 26, 2027 | $1.48 | Projected |
To collect a PEP dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How PEP's dividend compares
Across the 587 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.81%. PEP's 4.26% is 0.45 percentage points above that median, ranking 270th of 587 by yield.
Within Consumer Defensive, where we track 17 names, the median yield is 2.44% — putting PEP above its sector. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
Its 50-year run of dividend increases ranks 18th out of the 362 names in our data with an active growth streak.
What the numbers mean
PEP pays out roughly 75% of its earnings as dividends. That is on the higher side — still common for utilities and consumer staples, but it leaves less cushion if earnings dip.
Like most US dividend payers, PEP distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
PEP dividend FAQ
When is the next PEP ex-dividend date?
The next PEP ex-dividend date is September 5, 2026, with the payment scheduled for September 26, 2026. You must own shares before the ex-dividend date to receive that payment.
What is PEP's dividend yield?
PEP currently yields 4.26%, based on $5.92 in dividends per share over the past year.
How often does PEP pay dividends?
PEP pays quarterly, which works out to 4 payments per year of about $1.48 per share.
How much dividend income would $10,000 of PEP generate?
At the current 4.26% yield, $10,000 invested in PEP would produce roughly $426.00 per year, or about $106.50 per quarter, before taxes and assuming the dividend holds.
Has PEP increased its dividend?
Yes — PEP has raised its dividend for 50 consecutive years. That makes it a Dividend King.
PEP dividend history
DivTrkr holds 218 recorded PEP dividend payments going back to 1972, with 42 consecutive complete years of increases and +6.8% a year of growth over the last five complete years. See the full PEP dividend history — every payment, annual totals and growth by year.
Related dividend stocks
Other Consumer Defensive dividend payers
- UVV — Universal Corporation dividend (6.53%)
- KHC — The Kraft Heinz Company dividend (6.32%)
- BTI — British American Tobacco p.l.c. dividend (5.63%)
- UL — Unilever PLC dividend (3.37%)
- KDP — Keurig Dr Pepper Inc. dividend (3.07%)
- TGT — Target Corporation dividend (3.05%)
- KR — The Kroger Co. dividend (2.47%)
- KO — The Coca-Cola Company dividend (2.44%)
Similar yields to PEP
- SCHY — Schwab International Dividend Equity ETF dividend (4.24%)
- F — Ford Motor Company dividend (4.29%)
- EQR — Equity Residential dividend (4.19%)
- EXR — Extra Space Storage dividend (4.33%)
- AGG — iShares Core U.S. Aggregate Bond ETF dividend (4.16%)
- STAG — Stag Industrial Inc. dividend (4.16%)
Track PEP dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.