It looks like PepsiCo, Inc. (NASDAQ:PEP) is about to go ex-dividend in the next 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase PepsiCo’s shares on or after the 6th of September, you won’t be eligible to receive the dividend, when it is paid on the 30th of September.
The company’s next dividend payment will be US$1.355 per share, on the back of last year when the company paid a total of US$5.42 to shareholders. Last year’s total dividend payments show that PepsiCo has a trailing yield of 3.1% on the current share price of US$172.88. If you buy this business for its dividend, you should have an idea of whether PepsiCo’s dividend is reliable and…
