@Mrzorro:PepsiCo's (NASDAQ:PEP) Shareholders Will Receive A Bigger Dividend Than Last YearPepsiCo, Inc.'s (NASDAQ:PEP) dividend will be increasing on the 30th of June to US$1.15, with investors receiving 7.0% more than last year. This takes the annual payment to 2.6% of the current stock price, which is about average for the industry.Solid dividend yields are great, but they only really help us if the payment is sustainable. PepsiCo was earning enough to cover the previous dividend, but it was paying out quite a large proportion of its free cash flows. The business is earning enough to make the dividend feasible, but the cash payout ratio of 79% indicates it is more focused on returning cash to shareholders than growing the business.Looking forward, earnings per share is forecast to rise by 10.3% o