On September 19, 2022, Keurig Dr Pepper Inc. (KDP), formerly Dr Pepper Snapple Group, Inc., announced a 7.5% dividend hike to $0.215 per share quarterly. This comes after KPD hiked its quarterly dividend by 6.7 percent in 2021. A new annual dividend rate of $0.86 per share will yield 2.6% to shareholders of KDP at a stock price of $33.41.
The increased regular quarterly cash dividend of $0.215 per share is payable in U.S. dollars on the Company's common stock on October 13, 2023 to shareholders of record on September 29, 2023. The next ex-dividend date for Keurig Dr Pepper will be September 28, 2023.
📢 Sip on this news! ☕ Keurig Dr Pepper ( $KDP) just raised its annualized dividend rate by 7.5% to $0.86 per share. ☑️ The new quarterly dividend of $0.215 per share will perk up your portfolio on October 13, 2023, for shareholders of record on September 29, 2023. Cheers to…
— dividend hike (@dividendhike) September 19, 2023
Keurig Dr Pepper Inc., formerly Dr Pepper Snapple Group, Inc., is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers. The Company's segments include Beverage Concentrates, Packaged Beverages and Latin America Beverages. The Company's brand portfolio includes CSD brands, such as Dr Pepper, Canada Dry, Penafiel, Squirt, 7UP, Crush, A&W, Sunkist soda and Schweppes, and NCB brands, such as Snapple, Hawaiian Punch, Mott's and Clamato. The Company's NCB brands include Snapple, Hawaiian Punch, Mott's, FIJI mineral water, Clamato, Yoo-Hoo, Deja Blue, Bai Brands, ReaLemon, AriZona tea, Vita Coco coconut water, Mr and Mrs T mixers, BodyArmor, Nantucket Nectars, Garden Cocktail, Mistic and Rose's.