4 unchanged sentences
Dividends – We have paid consecutive quarterly cash dividends since 1965.
−Removed: The declaration and payment of future dividends are at the discretion of the Board of Directors.
+Added: The declaration and payment of future dividends are at the discretion of the Board.
Dividends are usually declared in February, May, July and November and paid at the end of March, June and September and the beginning of January.
−Removed: On February 2, 2022, the Board of Directors declared a quarterly dividend of $1.075 per share payable March 31, 2022, to shareholders of record on March 4, 2022.
−Removed: For the remainder of 2022, the record dates for these dividend payments are expected to be June 3, September 2 and December 2, 2022, subject to approval of the Board of Directors.
+Added: On February 1, 2023, the Board declared a quarterly dividend of $1.15 per share payable March 31, 2023, to shareholders of record on March 3, 2023.
+Added: For the remainder of 2023, the record dates for these dividend payments are expected to be June 2, September 1 and December 1, 2023, subject to the approval of the Board.
On February 9, 2023, we announced a 10.0% increase in our annualized dividend to $5.06 per share from $4.60 per share, effective with the dividend expected to be paid in June 2023.
−Removed: Additionally, on February 10, 2022, we announced a share repurchase program providing for the repurchase of up to $10.0 billion of PepsiCo common stock commencing on February 11, 2022 and expiring on February 28, 2026 (2022 share repurchase program).
−Removed: Shares repurchased under this program may be repurchased in open market transactions, in privately negotiated transactions, in accelerated stock repurchase transactions or otherwise.
We expect to return a total of approximately $7.7 billion to shareholders in 2023, comprising dividends of approximately $6.7 billion and share repurchases of approximately $1.0 billion.
1 unchanged sentence
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters.”
+Added: A summary of our common stock repurchases (in millions, except average price per share) during the fourth quarter of 2022 is set forth in the table below.
+Added: Issuer Purchases of Common Stock
+Added: Repurchased (a)
+Added: Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares that May Yet Be Purchased Under the Plans or Programs
+Added: 9/3/2022 $ 8,821
+Added: 9/4/2022 - 10/1/2022 0.9 $ 168.54 0.9 (153)
+Added: 10/2/2022 - 10/29/2022 0.2 $ 174.47 0.2 (46)
+Added: 10/30/2022 - 11/26/2022 0.4 $ 179.94 0.4 (67)
+Added: 11/27/2022 - 12/31/2022 0.3 $ 182.84 0.3 (55)
+Added: Total 1.8 $ 174.04 1.8 $ 8,500
+Added: (a) All shares were repurchased in open market transactions pursuant to the $10 billion repurchase program authorized by our Board and publicly announced on February 10, 2022, which commenced on February 11, 2022 and will expire on February 28, 2026.
+Added: Shares repurchased under this program may be repurchased in open market transactions, in privately negotiated transactions, in accelerated stock repurchase transactions or otherwise.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.