Keurig Dr Pepper Board Approves 6.7% Hike In Dividend

by Shivani Kumaresan, Benzinga Staff Writer

September 14, 2022 11:11 AM | 1 min read | Make a Comment

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.

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