Keurig Dr Pepper Declares Quarterly Dividend

Rhea-AI Summary

Keurig Dr Pepper (NASDAQ: KDP) has declared a quarterly cash dividend of $0.1875 per share, marking a 25% increase from the previous dividend of $0.15. This dividend will be payable on July 15, 2021 to shareholders recorded by July 1, 2021. The company, with over $11 billion in annual revenue, leads in various beverage categories and is dedicated to responsible sourcing and sustainable practices.

Positive

• Quarterly dividend of $0.1875 per share reflects a strong 25% increase, indicating positive cash flow.
• The company's commitment to sustainability and responsible sourcing can enhance market position.

Negative

• None.

News Market Reaction – KDP

+0.11%

1 alert

+0.11% News Effect

On the day this news was published, KDP gained 0.11%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BURLINGTON, Mass. and FRISCO, Texas, May 25, 2021 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.1875 per share, payable in U.S. dollars, on the Company's common stock. As previously announced, this quarterly dividend represents an increase of 25% compared to the previous quarterly dividend of $0.15 per share. The regular quarterly dividend will be paid on July 15, 2021 to shareholders of record on July 1, 2021.

KDP Contacts

Tyson Seely (Investors)
T: 781-418-3352 / tyson.seely@kdrp.com

Steve Alexander (Investors)
T: 972-673-6769 / steve.alexander@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 in excess of $11 billion and nearly 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.

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SOURCE Keurig Dr Pepper

FAQ

What is the KDP stock dividend amount for July 2021?

Keurig Dr Pepper has declared a dividend of $0.1875 per share for July 2021.

When is the KDP dividend payment date?

The KDP dividend will be paid on July 15, 2021.

What was the previous dividend amount for KDP?

The previous quarterly dividend amount for KDP was $0.15 per share.

What factors drive KDP's dividend increase?

The increase is attributed to strong cash flow and positive financial performance.