PepsiCo stock rises: what’s behind PEP’s move after a €2.5 billion bond deal and dividend lift
PepsiCo shares rose 0.8% to $167.53 Thursday after the company priced a €2.5 billion euro bond to refinance short-term debt. The board approved a quarterly dividend of $1.4225 per share, up 5% from last year, payable March 31 to shareholders of record March 6.