Keurig Dr Pepper Increases its Dividend by 7.0% and Declares Quarterly Dividend for Q3 2024

Rhea-AI Summary

Keurig Dr Pepper (NASDAQ: KDP) has announced a 7.0% increase in its annualized dividend rate to $0.92 per share, up from the current rate of $0.86 per share. The company's Board of Directors has approved this increase, which will be effective immediately. Additionally, KDP has declared a regular quarterly cash dividend of $0.23 per share, payable on October 11, 2024, to shareholders of record as of September 27, 2024. This dividend increase demonstrates KDP's commitment to delivering value to its shareholders and reflects confidence in the company's financial stability and growth prospects.

Positive

• 7.0% increase in annualized dividend rate from $0.86 to $0.92 per share
• Quarterly dividend payment of $0.23 per share declared

Negative

• None.

News Market Reaction – KDP

+1.51%

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+1.51% News Effect

On the day this news was published, KDP gained 1.51%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BURLINGTON, Mass. and FRISCO, Texas, Sept. 12, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has approved a 7.0% increase in its annualized dividend rate to $0.92 per share, from the current annualized rate of $0.86 per share, effective with the regular quarterly cash dividend also announced today. 

The increased regular quarterly cash dividend of $0.23 per share is payable in U.S. dollars on the Company's common stock on October 11, 2024 to shareholders of record on September 27, 2024.

Investor Contacts:

Investor Relations
T: 888-340-5287 / IR@kdrp.com 

Media Contact:

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

About Keurig Dr Pepper
Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. With annual revenue of approximately $15 billion, we hold leadership positions in beverage categories including soft drinks, coffee, tea, water, juice and mixers, and have the #1 single serve coffee brewing system in the U.S. and Canada. Our innovative partnership model builds emerging growth platforms in categories such as premium coffee, energy, sports hydration and ready-to-drink coffee. Our 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^®. Driven by a purpose to Drink Well. Do Good., our 28,000 employees aim to enhance the experience of every beverage occasion and to make a positive impact for people, communities and the planet. For more information, visit www.keurigdrpepper.com and follow us on LinkedIn.  

 

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SOURCE Keurig Dr Pepper Inc.

FAQ

What is Keurig Dr Pepper's new annualized dividend rate for 2024?

Keurig Dr Pepper's new annualized dividend rate for 2024 is $0.92 per share, representing a 7.0% increase from the previous rate of $0.86 per share.

When will KDP pay its Q3 2024 dividend?

Keurig Dr Pepper will pay its Q3 2024 dividend of $0.23 per share on October 11, 2024, to shareholders of record as of September 27, 2024.

How much has Keurig Dr Pepper (KDP) increased its dividend in 2024?

Keurig Dr Pepper (KDP) has increased its dividend by 7.0% in 2024, raising the annualized rate from $0.86 to $0.92 per share.

What is the ex-dividend date for KDP's Q3 2024 dividend?

The press release does not specify the ex-dividend date for KDP's Q3 2024 dividend. Typically, the ex-dividend date is one business day before the record date, which is September 27, 2024.