KO vs PEP
The Coca-Cola Company compared with PepsiCo, Inc. on yield, payout growth, payment schedule, cost and risk.
Quick take
- PEP yields more today: 4.28% vs 2.40% (forward).
- PEP has grown its payout faster: 6.7%/yr vs 4.6%/yr over the last 5 years.
- Both pay every quarter.
- KO has the longer streak of annual increases: 63 years vs 42.
- Over the last year KO delivered the higher total return: +31.2% vs -3.0% (price change plus payouts).
Generated from the latest data on both pages. Not a recommendation.
Side by side
| Metric | KO | PEP |
|---|---|---|
| Share price | $88.42 | $138.45 |
| TTM yield | 2.35% | 4.19% |
| Forward yield | 2.40% | 4.28% |
| Annual payout per share | $2.12 | $5.92 |
| Payment frequency | Quarterly | Quarterly |
| Next ex-date | Sep 15, 2026 (declared) | Dec 4, 2026 (est.) |
| Payout ratio (earnings) | 62% | 75% |
| 1-year payout growth | +4.5% | +4.5% |
| 5-year payout CAGR | +4.6% | +6.7% |
| Consecutive years of increases | 63 years | 42 years |
| Payout consistency (last 12) | 95/100 | 95/100 |
| 1-year total return | +31.2% | -3.0% |
| 1-year price return | +28.2% | -6.9% |
| Size (market cap / AUM) | 380.4B | 189.1B |
| Years paying | 64.5 | 54.3 |
| Payout risk (heuristic) | Low | Low |
| Sector / category | Consumer Defensive | Consumer Defensive |
✓ marks the more favourable figure where one exists (higher yield, growth, streak, consistency, return and size; lower cost, payout ratio and risk).
$10,000 invested today
| KO | PEP | |
|---|---|---|
| Shares | 113.1 | 72.2 |
| Income per year | $240 | $428 |
| Income per month (avg) | $20 | $36 |
Next payments
| Ex-date | Pay date | Per share | Status |
|---|---|---|---|
| KO Sep 15, 2026 | Oct 1, 2026 | $0.53 | Declared |
| KO Dec 16, 2026 | Dec 30, 2026 | $0.53 | Est. |
| KO Mar 18, 2027 | Apr 1, 2027 | $0.53 | Est. |
| PEP Dec 4, 2026 | Dec 29, 2026 | $1.48 | Est. |
| PEP Mar 5, 2027 | Mar 30, 2027 | $1.48 | Est. |
| PEP Jun 4, 2027 | Jun 29, 2027 | $1.48 | Est. |
Annual payouts per share
KOPEP
Regular payments only; the current year is year to date. Per-share amounts are not directly comparable when share prices differ, so read this chart for growth trends.
FAQ
Which has the higher dividend yield, KO or PEP?
PEP currently has the higher trailing yield: KO yields 2.35% and PEP yields 4.19%. Yield changes daily with price, so check the live figures above.
How often do KO and PEP pay?
KO pays every quarter and PEP pays every quarter. KO's next ex-date is Sep 15, 2026 and PEP's is Dec 4, 2026.
Which has grown its dividend faster, KO or PEP?
PEP has grown its payout faster: 6.7%/yr vs 4.6%/yr over the last 5 years.
Is KO or PEP better for income?
It depends on what you are optimising for. KO and PEP differ in yield, growth, payment schedule and risk profile; the table above puts every metric side by side so you can weigh them for your own goals. This page is data, not advice.