PepsiCo Inc. (PEP) announced Monday morning that its Board of Directors approved a 7% increase in the annual dividend, from the current annual rate of $1.80 to $1.92 per share. The Board also authorized the repurchase of up to $15 billion of PepsiCo common stock, through June 2013.PepsiCo Inc. gapped up Monday and climbed in early trade, before settling into a range. The stock finished up by $1.05 at $66.15. PepsiCo has been gaining ground for over a month and closed at its fourth consecutive new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.