How Big Could PepsiCo's Next Dividend Raise Be?
(NASDAQ: PEP) investors are in for a treat. The company is set to announce its Q4 financial results in early February, likely closing out a strong year for revenue and earnings growth. Most Wall Street pros are looking for organic sales to post a double-digit gain for the period, in fact.
That announcement will include details on Pepsi's dividend hike for 2024, which could be significant. Let's take a closer look at just how big of an increase could be on tap for income investors this year.
PepsiCo is heading into the fiscal 2024 year with solid growth momentum. Revenue should rise by 10% in fiscal 2023, management said in mid-October, on top of the snack and beverage giant's 14% organic sales spike in 2022.
Source Fool.com
PepsiCo Inc. Stock
€120.24
0.100%
Our community is currently high on PepsiCo Inc. with 31 Buy predictions and 5 Sell predictions.
With a target price of 147 € there is a positive potential of 22.26% for PepsiCo Inc. compared to the current price of 120.24 €.
