Keurig Dr Pepper Increases its Dividend by 6.7% and Declares Quarterly Dividend for Q3

Rhea-AI Summary

Keurig Dr Pepper (KDP) has announced a 6.7% increase in its annual dividend rate, now at $0.80 per share, up from $0.75. This increase, effective October 14, 2022, alongside a previous rise in February 2021, leads to a total 13.0% boost in cash dividends compared to the previous year. The new quarterly cash dividend of $0.20 per share is payable to shareholders of record as of September 30, 2022.

Positive

• Annual dividend rate increased by 6.7%, signaling strong financial health.
• Total cash dividends in 2022 up by 13.0% compared to the previous year.

Negative

• None.

BURLINGTON, Mass. and FRISCO, Texas, Sept. 14, 2022 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has approved a 6.7% increase in its annualized dividend rate to $0.80 per share, from the current annualized rate of $0.75 per share, effective with the regular quarterly cash dividend announced today. The 6.7% increase, combined with the previous dividend increase announced in February 2021, will result in a 13.0% increase versus year-ago in cash dividends paid in 2022.

The increased regular quarterly cash dividend of $0.20 per share is payable in U.S. dollars on the Company's common stock on October 14, 2022 to shareholders of record on September 30, 2022.

KDP Contacts

Steve Alexander (Investors)
T: 972-673-6769 / steve.alexander@kdrp.com

Chethan Mallela
T: 646-620-8761 / chethan.mallela@kdrp.com

Katie Gilroy (Media)
T: 781-418-3345 / katie.gilroy@kdrp.com 

About Keurig Dr Pepper
Keurig Dr Pepper (KDP) is a leading beverage company in North America, with annual revenue approaching $13 billion and approximately 27,000 employees. KDP holds leadership positions in soft drinks, specialty coffee and tea, water, juice and juice drinks and mixers, and markets the #1 single serve coffee brewing system in the U.S. and Canada. The Company's portfolio of more than 125 owned, licensed and partner brands is designed to satisfy virtually any consumer need, any time, and includes Keurig®, Dr Pepper®, Green Mountain Coffee Roasters®, Canada Dry®, Snapple®, Bai®, Mott's®, CORE® and The Original Donut Shop®. Through its powerful sales and distribution network, KDP can deliver its portfolio of hot and cold beverages to nearly every point of purchase for consumers. The Company is committed to sourcing, producing and distributing its beverages responsibly through its Drink Well. Do Good. corporate responsibility platform, including efforts around circular packaging, efficient natural resource use and supply chain sustainability. For more information, visit www.keurigdrpepper.com.

FORWARD LOOKING STATEMENTS
Certain statements contained herein are "forward-looking statements" within the meaning of applicable securities laws and regulations. These forward-looking statements can generally be identified by the use of words such as "outlook," "guidance," "anticipate," "expect," "believe," "could," "estimate," "feel," "forecast," "intend," "may," "plan," "potential," "project," "should," "target," "will," "would," and similar words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These statements are based on the current expectations of our management, are not predictions of actual performance, and actual results may differ materially.

Forward-looking statements are subject to a number of risks and uncertainties, including the factors disclosed in our Annual Report on Form 10-K and subsequent filings with the SEC. We are under no obligation to update, modify or withdraw any forward-looking statements, except as required by applicable law.

 

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SOURCE Keurig Dr Pepper Inc.

FAQ

What is the new dividend amount for KDP?

Keurig Dr Pepper has increased its dividend to $0.80 per share.

When is the KDP dividend payable?

The dividend is payable on October 14, 2022.

What was the previous dividend amount for KDP?

The previous annual dividend amount was $0.75 per share.

How much has KDP's dividend increased this year?

KDP's dividend has increased by 6.7% this year.

What is the total cash dividends increase for KDP in 2022?

The total cash dividends paid in 2022 will be 13.0% higher than in 2021.