Dividend Aristocrat PepsiCo (PEP) reported its Fourth Quarter and Full-Year 2019 Earnings, here is a breakdown of the most relevant items:
PepsiCo EPS in-line, higher revenues
PepsiCo reported revenues up 5.7% to $20.64 billion from $19.52 billion, and Pepsi said its organic revenue growth was 4.3%. Pepsico’s core EPS of $1.45 a share was almost in-line with the FactSet-compiled estimate of $1.44. PepsiCo sees no material impact from coronavirus. The CFO Johnston stated that “the company only has one plant in China that isn’t back open and reminds that China accounts for less than 2% of total revenue for PepsiCo”.
PepsiCo Outlook 2020
For 2020, PepsiCo expects a 7% growth in adjusted EPS and 4% organic revenue growth. The company also announced a 7% increase in its annualized dividend to $4.09 per share from $3.82 per share, effective with the dividend expected to be paid in June 2020. This is the 48th consecutive annual dividend per share increase. The current dividend yield is 2.61%.
Source: Press Release