PepsiCo Marks 54th Consecutive Dividend Hike, Yielding 3.9% Versus 4.48% Treasuries
PEP•PepsiCo raised its dividend for the 54th straight year, boosting its yield to 3.9% while 10-year Treasuries stand at 4.48%, underlining its income appeal. Yum! Brands’ $2.7 billion Pizza Hut sale recalls the chain’s decline since PepsiCo spun it off in 1997 but won’t affect PepsiCo directly.
1. Consecutive Dividend Growth
PepsiCo has increased its annual payout for 54 straight years, lifting its current dividend yield to 3.9% while 10-year U.S. Treasury yields sit at 4.48%. The policy underscores a commitment to shareholder returns and strengthens the stock’s appeal versus fixed-income alternatives.
2. Pizza Hut Divestiture Background
Pizza Hut, spun off by PepsiCo in 1997, is being sold by its former parent Yum! Brands for $2.7 billion—$1.5 billion to a private equity buyer and $1.2 billion for mainland China operations. The chain’s revenue share within its former owner’s portfolio has fallen from over 18% in 2019 to about 12% in 2025, but the transaction has no direct impact on PepsiCo’s business.
