PepsiCo (PEP) announces a 5% annual dividend increase to $5.69 per share, its 53rd consecutive year

Congratulations to all PEP investors for your annual raise! Tell us how many shares you have in the comments!

Press Release is linked above. Stock is near 52 week lows and currently yields almost 3.9% as there has been some revenue pressure among its brands. However, the company remains profitable and has a number of major food and beverage brands in its portfolio.