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PEPSICO DECLARES QUARTERLY DIVIDEND

 PURCHASE, N.Y., July 22 /PRNewswire/ -- The board of directors of PepsiCo, Inc. (NYSE: PEP) today declared a quarterly dividend of 16 cents per share. The dividend is payable Sept. 30, 1993 to shareholders of record on Sept. 10, 1993.
 The board of directors also authorized the repurchase of up to 50 million shares of PepsiCo capital stock. The shares, to be used for general corporate purposes, may be purchased from time to time in the open market and through negotiated transactions. This authority replaces the remaining shares of the 45 million share authority given in 1987, under which 33.8 million shares have been repurchased. PepsiCo currently has approximately 791 million shares outstanding.
 -0- 7/22/93
 /CONTACT: Elaine Franklin, manager-corporate information of PepsiCo, Inc., 914-253-3122/
 (PEP)


CO: PepsiCo, Inc. ST: New York IN: FOD SU: DIV

TS -- NY050 -- 4529 07/22/93 12:13 EDT
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Publication:PR Newswire
Date:Jul 22, 1993
Words:147
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