Keurig Dr Pepper, Inc (NASDAQ:KDP) to Issue $0.23 Quarterly Dividend

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Friday, March 27th will be given a dividend of 0.23 per share on Friday, April 10th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Friday, March 27th.

Keurig Dr Pepper has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Keurig Dr Pepper has a payout ratio of 42.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Keurig Dr Pepper to earn $2.03 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 45.3%.

Keurig Dr Pepper Trading Up 1.6%

Shares of KDP stock traded up $0.45 during mid-day trading on Wednesday, reaching $28.42. The company’s stock had a trading volume of 4,018,561 shares, compared to its average volume of 10,292,544. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $38.60 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 1.89 and a beta of 0.34. The company’s 50 day simple moving average is $28.00 and its 200-day simple moving average is $28.69. Keurig Dr Pepper has a 12-month low of $25.03 and a 12-month high of $36.12.

Keurig Dr Pepper Company Profile

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.