Trailing Dividend / Share
$5.57
PepsiCo, Inc. (PEP) Dividend History
Income profile from 1972 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.6%
Payout Ratio
92.7%
At Risk
Dividend Streak
27 years
PEP Dividend Income Check
Safety
92.7% payout ratio with at risk safety profile.
Consistency
27 straight years of dividend increases.
Income Trend
Yield on cost is 3.9% and trend is rising.
PEP Dividend Scorecard
Yield & Income
Dividend Yield3.6%
Trailing DPS$5.57
FrequencyAnnual
Payments / 12M4
Payout Safety
Earnings Payout92.7%
Earnings SafetyAt Risk
FCF Payout99.6%
FCF SafetyStretched
Piotroski F-Score5/9
Growth
Growth Streak27 years
3Y CAGR7.5%
5Y CAGR6.9%
Yield on Cost (5Y)3.9%
YOC Trendrising
Total Returns
Buyback Yield0.5%
Total Shareholder Yield4.1%
1Y Total Return21.8%
5Y Total Return25.2%
Div Contribution (5Y)17.4%
Estimated $10K growth (return + dividends):
5Y ago$12,51710Y ago$18,99620Y ago$36,835
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
PEP Income Growth Story
Dividend per share and yield on cost over time (55 years of payments)
PEP Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
PepsiCo, Inc. distributes 92.7% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 99.6%, rated "Stretched".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
PEP has raised its dividend for 27 consecutive years, with a 3-year CAGR of 7.5% and 5-year CAGR of 6.9%.
Total Shareholder Returns
Beyond cash dividends, PEP returns capital through share repurchases. The combined picture: 3.6% dividend yield, 0.5% buyback yield, 4.1% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 3.9% and is currently rising. The 5-year total return is 25.2%, with dividends contributing 17.4% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $18,996 today.
Elevated payout ratio — dividend sustainability should be monitored closely.
PEP Recent Dividend Payments
Last 20 payments · Annual
TTM Total$25.07
Avg/Payment$1.2535
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 6, 2026Latest | $1.4225 | — | 3.57% | Mar 31, 2026 |
| Dec 5, 2025 | $1.4225 | — | 3.88% | Jan 6, 2026 |
| Sep 5, 2025 | $1.4225 | — | 3.79% | Sep 30, 2025 |
| Jun 6, 2025 | $1.4225 | ↑ +5.0% | 4.22% | Jun 30, 2025 |
| Mar 7, 2025 | $1.3550 | — | 3.51% | Mar 31, 2025 |
| Dec 6, 2024 | $1.3550 | — | 3.38% | Jan 6, 2025 |
| Sep 6, 2024 | $1.3550 | — | 2.95% | Sep 30, 2024 |
| Jun 7, 2024 | $1.3550 | ↑ +7.1% | 3.01% | Jun 28, 2024 |
PEP Dividend vs Peers
Comparable companies in the same industry
#6 yield in peer group
Div Yield
3.6%
#6 of 9
Safety
At Risk
92.7% payout
Streak
27Y
6.9% 5Y CAGR
Total Shareholder
4.1%
#7 of 9
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| PEPPepsiCo, Inc. | $211.9B | 3.6% | 92.7% | 27 | At Risk |
 KOThe Coca-Cola Compan… | $337.8B | 2.6% | 67.0% | 35 | Watch |
 MDLZMondelez Internation… | $78.8B | 3.1% | 1.0% | 12 | Sustainable |
3rd  GISGeneral Mills, Inc. | $18.4B | 7.0% | 58.3% | 5 | Sustainable |
2nd  CPBCampbell Soup Compan… | $6.2B | 7.3% | 76.2% | 1 | Watch |
1st  CAGConagra Brands, Inc. | $6.7B | 10.0% | 58.1% | 6 | Sustainable |
 HRLHormel Foods Corpora… | $11.5B | 5.5% | 1.3% | 34 | Sustainable |
 SJMThe J. M. Smucker Co… | $10.3B | 4.4% | — | 15 | Unknown |
 KDPKeurig Dr Pepper Inc… | $39.3B | 3.2% | 60.1% | 7 | Watch |
PEP Annual Dividend History (1972–2026)
55 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.42 | — | 1 | — | — | — | 1.0% |
| 2025 | $5.62 | 5.5% | 4 | $6.00 | 93.7% | 1.07x | 3.9% |
| 2024 | $5.33 | 7.8% | 4 | $6.95 | 76.7% | 1.30x | 3.7% |
| 2023 | $4.94 | 9.3% | 4 | $6.56 | 75.4% | 1.33x | 3.4% |
| 2022 | $4.52 | 6.5% | 4 | $6.42 | 70.5% | 1.42x | 3.1% |
| 2021 | $4.25 | 5.6% | 4 | $5.48 | 77.5% | 1.29x | 2.9% |
| 2020 | $4.02 | 6.1% | 4 | $5.11 | 78.7% | 1.27x | 2.8% |
| 2019 | $3.79 | 5.7% | 4 | $5.20 | 72.9% | 1.37x | 2.6% |
| 2018 | $3.59 | 13.3% | 4 | $8.78 | 40.9% | 2.45x | 2.5% |
| 2017 | $3.17 | 7.0% | 4 | $3.38 | 93.7% | 1.07x | 2.2% |
Full PEP Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
Should I Buy PEP Right Now?
Bull case, key risks, Wall St analyst verdict, and what council investors are saying — updated daily.
See PEP's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PEP Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PEP vs WMT
Side-by-side business, growth, and profitability comparison vs Walmart Inc..
Start ComparisonPEP — Frequently Asked Questions
Quick answers to the most common questions about buying PEP stock.
How much dividend does PEP pay per share?
PepsiCo, Inc. (PEP) pays a trailing 12-month dividend of $5.57 per share, with a current dividend yield of +3.6%. Payments are made Annual.
When is PEP's next ex-dividend date?
PEP's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. PEP typically pays dividends Annual.
Is PEP's dividend safe?
PEP's dividend safety is rated "At Risk" based on an earnings payout ratio of +92.7% and FCF payout ratio of +99.6%. With 27 consecutive years of dividend growth, the track record supports sustainability.
Is PEP a Dividend Aristocrat?
Yes, PepsiCo, Inc. is classified as a Dividend Aristocrat with 27 consecutive years of dividend increases. The 5-year dividend CAGR is +6.9%, demonstrating above-inflation dividend growth.
How often does PEP pay dividends?
PepsiCo, Inc. pays dividends Annual. The trailing 12-month total is $5.57 per share. Dividend data on this page covers 54+ years from 1972 to 2026.
How much would $10,000 invested in PEP grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in PEP five years ago would be worth approximately $12,517 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is PEP's yield on cost for long-term holders?
PEP's yield on cost — the current dividend divided by the original purchase price — is +3.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.6% market yield, thanks to consistent dividend growth.