PepsiCo, the maker of soft drinks, fruit juice, snacks and other foods, has announced an increase of its quarterly dividend from $0.425 to $0.45, a 5.9% raise.
I own some shares of Pepsi in my RRSP account, so that's good news for me. At the current prices, it might even be interesting to buy some more shares. This increase will bring the dividend ratio to 3.6%, which is on the high side comparing it to the 1.9% average of the last 5 years.
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