Keurig Dr Pepper As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
KDP $0.86 7.5% 6.7% 25.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Soft Drinks 2.8% 3 7.5% Quarter 2018

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.

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.