Keurig Dr Pepper, Inc (KDP) To Go Ex-Dividend on March 27th

Keurig Dr Pepper, Inc (NASDAQ:KDP) announced a quarterly dividend on Tuesday, February 3rd. Stockholders 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 dividend 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%annually 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% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 1.7%

Shares of NASDAQ KDP opened at $28.45 on Thursday. The business has a 50-day moving average price of $28.02 and a 200 day moving average price of $28.69. The stock has a market cap of $38.65 billion, a PE ratio of 24.53, a price-to-earnings-growth ratio of 1.92 and a beta of 0.34. The company has a quick ratio of 0.38, a current ratio of 0.62 and a debt-to-equity ratio of 0.53. Keurig Dr Pepper has a 52-week low of $25.03 and a 52-week high of $36.12.

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.