Keurig Dr Pepper, Inc (NASDAQ:KDP) Plans Quarterly Dividend of $0.23

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Wednesday, September 16th. Shareholders of record on Monday, September 28th will be paid a dividend of 0.23 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend is Monday, September 28th.

Keurig Dr Pepper has increased 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 dividend payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Keurig Dr Pepper to earn $2.52 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 36.5%.

Keurig Dr Pepper Stock Performance

Shares of KDP opened at $31.80 on Thursday. The business has a 50-day simple moving average of $31.18 and a two-hundred day simple moving average of $29.72. The company has a quick ratio of 0.28, a current ratio of 0.48 and a debt-to-equity ratio of 0.74. Keurig Dr Pepper has a 52 week low of $24.88 and a 52 week high of $33.82. The stock has a market cap of $43.27 billion, a price-to-earnings ratio of 32.12, a PEG ratio of 1.48 and a beta of 0.40.

Keurig Dr Pepper (NASDAQ:KDP) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $7.31 billion for the quarter, compared to analysts’ expectations of $7.23 billion. Keurig Dr Pepper had a return on equity of 10.80% and a net margin of 7.10%.The business’s quarterly revenue was up 75.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.49 EPS. On average, analysts expect that Keurig Dr Pepper will post 2.3 EPS for the current year.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc (NASDAQ: KDP) is a beverage company that operates across the refreshment beverage and coffee categories. The company develops, manufactures, distributes and markets a broad portfolio of soft drinks, flavored beverages, juices, water and mixers, as well as single-serve coffee products and brewing systems.

Its beverage portfolio includes brands such as Dr Pepper, Canada Dry, 7UP, A&W, Snapple, Mott’s, Bai and CORE Hydration. In coffee, Keurig Dr Pepper offers Keurig brewing systems, pods and related products under brands including Green Mountain Coffee Roasters and The Original Donut Shop.