May 6, 2009 (FinancialWire) — Beverage and snack company PepsiCo, Inc.’s (NYSE: PEP) board has declared a six percent increase in its annual dividend, from the current $1.70 to $1.80 per share on PepsiCo common stock.

The quarterly dividend of $0.45 is payable June 30, to shareholders of record on June 5.

Purchase, New York-based PepsiCo is food and beverage with around 198,000 employees worldwide. The company’s principal businesses include Frito-Lay, Pepsi-Cola, Gatorade, Tropicana and Quaker foods.

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