PepsiCo Inc at Consumer Analyst Group of New York Conference Transcript

Feb 20, 2020 / 06:00PM GMT
Unidentified Analyst -

All right. If we can make our way back to our seats, we'll get ready for the afternoon. Just one housekeeping note, I think Andrew had mentioned earlier this morning that somebody had left behind a Bloomberg B-Unit, left it in the room yesterday. So if you're missing one, you want to reclaim it, Andrew has it. For a small fee, he'll give it back to you.

Right. We're very excited to have PepsiCo back at CAGNY again this year. Over the long term, Pepsi has stuck to its conviction that the formula to compound total shareholder returns include delivering balanced growth and disciplined capital allocation. In 2019, the company decided to increase its investments in businesses from a position of strength in order to deliver sustainable long-term growth. For 2020, Pepsi's guided to delivering 4% organic revenue growth and 7% core constant currency EPS growth and plans to return $7.5 billion to shareholders in the form of dividends and share repurchases. This includes a 7% dividend hike expected with its June payment and represents the 48th consecutive annual dividend per share increase.

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