Keurig Dr Pepper Board Approves 6.7% Hike In Dividend

Keurig Dr Pepper Board Approves 6.7% Hike In Dividend
  • Keurig Dr Pepper Inc KDP Board of Directors has approved a 6.7% increase in its annualized dividend rate to $0.80 per share.
  • The 6.7% increase, combined with the previous dividend increase announced in February 2021, will result in a 13.0% increase in cash dividends paid in 2022.
  • The increased quarterly cash dividend of $0.20 per share is payable on October 14, 2022, to shareholders of record on September 30, 2022.
  • Keurig held $554 million in cash and equivalents as of June 30, 2022.
  • Price Action: KDP shares are trading higher by 0.52% at $37.88 on the last check Wednesday.

Posted In: BriefsNewsDividends