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PepsiCo profits rise as plans for buybacks dividend growth extended
PepsiCo reports a 5 percent rise in quarterly profit and extends its 1 billion annual savings plan to 2019. The NY-based company plans to return about 8.7 billion to shareholders in 2014, lifting buybacks to about 5 billion and the annual dividend to 2.62 per share. Net income for the quarter was 1.74 billion or 1.12 per share, with revenue near 20.11 billion and organic growth at 4.1 percent.
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Thomson Reuters