PepsiCo, Inc.
PEP53 yrs growthConsumer Defensive · Stock · quarterly payer
Forward Yield
4.23%
Annual Dividend
$5.92
Payout Ratio
75%
5-Yr Growth
6.9%
Ex-Date
Sep 4, 2026
Frequency
Quarterly
Summary
As of September 2026, PepsiCo, Inc. (PEP) yields 4.23% ($5.92 per share annually), with a blended fair-value estimate of $132.65 — -6% downside, so it screens as fairly valued. Dividend safety grade: A (81/100). 53 years of dividend growth.
Is PEP a good dividend stock?
YesPepsiCo, Inc. (PEP) pays a quarterly dividend yielding 4.23% ($5.92/yr), with 53 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend King — 53 straight years of increases
- Never cut its dividend on record
- Strong 6.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.23%
- Payout Ratio
- 75%
- Annual Dividend
- $5.92
- 5-Yr Avg Growth
- 6.9%
- Ex-Dividend Date
- Sep 4, 2026
- Years of Growth
- 53
- Frequency
- quarterly
- Beta
- 0.36
- Market Cap
- $192.0B
- P/E Ratio
- 18.3
- 5-Yr Total Return
- -6%
- 52-Week Range
- $133.73 – $171.48
- Dividend Safety
- A · 81/100
- Ever Cut?
- No
Frequently Asked Questions
PEP Price — Last 12 Months
Daily close
Price Return
1 Year
+0%
3 Years
-17%
5 Years
-6%
52-Week Range
$133.73 – $171.48
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PEP worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for PepsiCo, Inc. is $132.65 per share, versus a market price of $141.07. That implies the stock is roughly fairly priced.
Fair Value
$132.65
Current Price
$141.07
Gap
-6%
Margin of Safety
-6%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 9.5% annual free-cash-flow growth. We model 5.6% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 5.6% stage-1 growth, 2.5% terminal growth, $7.70 EPS, $5.92 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PEP Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 5, 2026 | — | $1.4800 | regular |
| Mar 6, 2026 | — | $1.4230 | regular |
| Dec 5, 2025 | — | $1.4230 | regular |
| Sep 5, 2025 | — | $1.4230 | regular |
| Jun 6, 2025 | — | $1.4230 | regular |
| Mar 7, 2025 | — | $1.3550 | regular |
| Dec 6, 2024 | — | $1.3550 | regular |
| Sep 6, 2024 | — | $1.3550 | regular |
| Jun 7, 2024 | — | $1.3550 | regular |
| Feb 29, 2024 | — | $1.2650 | regular |
| Nov 30, 2023 | — | $1.2650 | regular |
| Aug 31, 2023 | — | $1.2650 | regular |
| Jun 1, 2023 | — | $1.2650 | regular |
| Mar 2, 2023 | — | $1.1500 | regular |
Income Calculator
At $5.92 / yr per share
