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
€159.10
0.680%
With 22 Buy predictions and not a single Sell prediction PepsiCo Inc. is an absolute favorite of our community.
As a result the target price of 174 € shows a slightly positive potential of 9.37% compared to the current price of 159.1 € for PepsiCo Inc..
