Keurig Dr Pepper Raises Dividend Rate by 7.0%

By Bobby Samwell • Friday, September 13 08:03 • Permanent Link

Keurig Dr Pepper (NASDAQ: KDP) has announced a 7.0% increase in its annualized dividend rate to $0.92 per share, up from the previous rate of $0.86 per share. This change is effective immediately, starting with the regular quarterly cash dividend. The increased regular quarterly cash dividend of $0.23 per share will be payable on October 11, 2024, to shareholders of record on September 27, 2024.

Keurig Dr Pepper is a leading beverage company in North America with a portfolio of over 125 owned, licensed, and partner brands. The company has annual revenue of approximately $15 billion and holds leadership positions in various beverage categories, including soft drinks, coffee, tea, water, juice, and mixers. Keurig Dr Pepper's innovative partnership model also focuses on building emerging growth platforms in categories such as premium coffee, energy, sports hydration, and ready-to-drink coffee.

The company's brands include Keurig, Dr Pepper, Canada Dry, Mott's, A&W, Snapple, Peñafiel, 7UP, Green Mountain Coffee Roasters, Clamato, Core Hydration, and The Original Donut Shop. With a workforce of 28,000 employees, Keurig Dr Pepper aims to enhance the experience of every beverage occasion and make a positive impact for people, communities, and the planet. Today the company's shares have moved 0.0% to a price of $37.05. For more information, read the company's full 8-K submission here.

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