- Keurig Dr Pepper Inc (NASDAQ: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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