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Feb. 25, 2021, 6:24 a.m. EST

Keurig Dr Pepper to increase annual dividend by 25% to 75 cents a share

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By Ciara Linnane

Keurig Dr Pepper /zigman2/quotes/201754990/composite KDP -0.40% said Thursday its board has approved a 25% increase in its annualized dividend rate to 75 cents a share from 60 cents. The new rate will kick in with the company's regular quarterly dividend to be announced in the second quarter. It will result in growth of dividends paid in 2021 of12.5% and another 11.1% in dividends paid in 2022, given the calendar timing of the increase and of dividend payments. KDP also said its board has declared a regular quarterly cash dividend of 15 cents a share, to be paid on April 15 to shareholders of record as of April 1. Shares were up 4.5% premarket, and have gained 9% in the last 12 months, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.77% has gained 22%.

/zigman2/quotes/201754990/composite
US : U.S.: Nasdaq
$ 35.17
-0.14 -0.40%
Volume: 5.65M
April 9, 2021 4:00p
P/E Ratio
37.76
Dividend Yield
1.71%
Market Cap
$49.49 billion
Rev. per Employee
$430,296
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/zigman2/quotes/210599714/realtime
US : S&P US
4,128.80
+31.63 +0.77%
Volume: 1.88B
April 9, 2021 5:15p
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