PURCHASE, N.Y., Nov. 14 /PRNewswire-FirstCall/ -- The Board of Directors of PepsiCo, Inc. (NYSE: PEP) today declared a quarterly dividend of $0.425 per share on PepsiCo common stock. The dividend is payable Jan. 2, 2009, to shareholders of record on Dec. 5, 2008.

About PepsiCo

PepsiCo is one of the world's largest food and beverage companies, with 2007 annual revenues of more than $39 billion. The company employs approximately 185,000 people worldwide, and its products are sold in approximately 200 countries. Its principal businesses include: Frito-Lay snacks, Pepsi-Cola beverages, Gatorade sports drinks, Tropicana juices and Quaker foods. The PepsiCo portfolio includes 18 brands that generate $1 billion or more each in annual retail sales. PepsiCo's commitment to sustainable growth, defined as Performance with Purpose, is focused on generating healthy financial returns while giving back to communities the company serves. This includes meeting consumer needs for a spectrum of convenient foods and beverages, reducing the company's impact on the environment through water, energy and packaging initiatives, and supporting its employees through a diverse and inclusive culture that recruits and retains world-class talent. PepsiCo is listed on the Dow Jones Sustainability North America Index and the Dow Jones Sustainability World Index. For more information, please visit www.pepsico.com.

Cautionary Statement

This release contains statements concerning PepsiCo's expectations for future performance. These "forward-looking statements" are based on currently available information, operating plans and projections about future events and trends. They inherently involve risks and uncertainties that could cause actual results to differ materially from those predicted in such forward-looking statements. Such risks and uncertainties include, but are not limited to: changes in demand for PepsiCo's products, as a result of shifts in consumer preferences or otherwise; PepsiCo's ability to maintain its reputation; PepsiCo's ability to build and sustain its information technology infrastructure, successfully implement its business process transformation initiative or outsource certain functions effectively; fluctuations in the cost and availability of raw materials; PepsiCo's ability to compete effectively; disruption of its supply chain; trade consolidation, the loss of any key customer, or failure to maintain good relationships with its bottling partners; changes in the legal or regulatory environment; PepsiCo's ability to hire or retain key employees; unfavorable economic, environmental or political conditions in the countries where its operates; market risks arising from changes in commodity prices, foreign exchange rates and interest rates; and risks that benefits from PepsiCo's Productivity for Growth Initiative may not be achieved or may take longer to achieve than expected or may cost more than currently anticipated. For additional information on these and other factors that could cause PepsiCo's actual results to materially differ from those set forth herein, please see PepsiCo's filings with the Securities and Exchange Commission, including its most recent annual report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. Investors are cautioned not to place undue reliance on any such forward-looking statements, which speak only as of the date they are made. PepsiCo undertakes no obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

CONTACT:
Media
Jenny Schiavone
Director, Financial Communications
+1-914-253-3941
jenny.schiavone@pepsico.com

Investors
Mike Nathenson
Senior Vice President, Investor Relations
+1-914-253-3035
mike.nathenson@pepsi.com
Both of PepsiCo, Inc.