PURCHASE, N.Y., Feb. 4, 2016 /PRNewswire/ -- The Board of Directors of PepsiCo, Inc. (NYSE:PEP) today declared a quarterly dividend of $0.7025 per share of PepsiCo common stock, a 7.3 percent increase versus the comparable year-earlier period. Today's action is consistent with PepsiCo's previously announced increase in its annualized dividend to $2.81 per share from $2.62 per share, beginning with the June 2015 payment. The dividend is payable on March 31, 2016 to shareholders of record at the close of business on March 4, 2016. PepsiCo has paid consecutive quarterly cash dividends since 1965, and 2015 marked the company's 43rd consecutive annual dividend increase.