Keurig Dr Pepper Inc. (KDP) To Raise Dividend 25%

Keurig Dr Pepper Inc. (NASDAQ: KDP) announced today that its Board of Directors has approved a 25% increase in its annualized dividend rate to $0.75 per share, from the current annualized rate of $0.60 per share, effective with the Company's regular quarterly dividend to be announced in the second quarter of 2021, subject to official declaration by the Board of Directors. This 25% increase will result in growth of 12.5% in dividends paid in 2021 and another 11.1% increase in dividends paid in 2022, given the calendar timing of both the increase and dividend payments. Due to KDP's strong free cash flow generation and despite the 25% annualized dividend increase, the Company's dividend payout ratio is expected to remain less than 50% of free cash flow.

The company also declared a quarterly dividend of $0.15 per share, or $0.60 annualized. The dividend will be payable on April 15, 2021, to stockholders of record on April 1, 2021, with an ex-dividend date of March 31, 2021. The annual yield on the dividend is 1.8 percent.

For a dividend history and other dividend-related data on Keurig Dr Pepper Inc. (KDP) click here.

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