Keurig Dr Pepper, Inc (KDP) To Go Ex-Dividend on June 26th

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Wednesday, May 20th. Shareholders of record on Friday, June 26th will be paid a dividend of 0.23 per share on Friday, July 10th. This represents a c) dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, June 26th.

Keurig Dr Pepper has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Keurig Dr Pepper has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Keurig Dr Pepper to earn $2.53 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 36.4%.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $30.87 on Wednesday. The company has a market cap of $42.00 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.41 and a beta of 0.41. The firm has a 50-day moving average of $29.27 and a 200-day moving average of $28.42. Keurig Dr Pepper has a one year low of $24.88 and a one year high of $35.94. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.31 and a quick ratio of 2.12.

Keurig Dr Pepper (NASDAQ:KDP) last issued its earnings results on Thursday, April 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.02. Keurig Dr Pepper had a net margin of 10.81% and a return on equity of 10.51%. The company had revenue of $3.98 billion for the quarter, compared to analysts’ expectations of $7.23 billion. During the same period in the prior year, the firm earned $0.42 EPS. Keurig Dr Pepper’s quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Keurig Dr Pepper will post 2.29 earnings per share for the current year.

About Keurig Dr Pepper

Keurig Dr Pepper (NASDAQ: KDP) is a North American beverage company formed in July 2018 through the combination of Keurig Green Mountain and Dr Pepper Snapple Group. The company designs, manufactures, markets and distributes a wide range of hot and cold beverages and related equipment, combining Keurig’s single‑serve coffee systems with a large portfolio of carbonated and noncarbonated drink brands. It operates a network of manufacturing, packaging and distribution facilities to supply retail, foodservice and e-commerce channels across its served markets.

The company’s product mix includes single‑serve coffee brewers and coffee pods under the Keurig brand as well as a broad assortment of branded beverages.