Pepsi Bottling Raises Dividend Payout 6%, a Choice for the New Generation (PBG)

Pepsi Bottling Group (NYSE:PBG) just upped the company's quarterly dividend, raising it 6% from 17 cents to 18 cents USD.  Perhaps Pepsi is the choice of the new generation both investors and MJ impersonators.

This marks Pepsi's sixth consecutive year that the board has increased the dividend. The increased quarterly dividend of 18 cents per share will be paid on June 30th to all PBG shareholders of record as of June 6th.  In the last month, Pepsi Bottling shares have bounced back 21% and are now in the $22 range.

The 52-week range for PBG is $15 to $35, maybe its time to think about adding a few PGB shares to the portfolio, at least by June 6th to pick up that dividend.  Pepsi is a mammoth company Masters, should shares pullback, then PBG is an all out buy but after its recent comeback, its hard to place that buy come Monday.  At least add Pepsi Bottling to your watch list and check out this Classic commercial: