01—Abstract
Summary
Summary of the 8-K filed September 12, 2024. Cited figures are marked; the original filing is the authoritative source.
Keurig Dr Pepper Inc. (Nasdaq: KDP) reported in this Form 8-K, filed September 12, 2024, that its Board of Directors approved a 7.0% increase in the annualized dividend rate to $0.92a per share, from the current annualized rate of $0.86 per share.
The increase took effect with the regular quarterly cash dividend announced the same day. The increased regular quarterly cash dividend is $0.23b per share, payable in U.S. dollars on October 11, 2024 to shareholders of record on September 27, 2024.
The announcement was made in a press release, filed as Exhibit 99.1, titled "Keurig Dr Pepper Increases its Dividend by 7.0% and Declares Quarterly Dividend for Q3 2024." The filing is limited to this dividend announcement under Item 8.01 (Other Events). The company describes itself as a leading North American beverage company with annual revenue of approximately $15 billionc, a portfolio of more than 125 owned, licensed and partner brands, and the #1 single serve coffee brewing system in the U.S. and Canada.
02—Key points
Key Highlights
- Board approved a 7.0% increase in the annualized dividend rate, to $0.92 per share from $0.86 per share.
- Increased regular quarterly cash dividend of $0.23 per share, effective with the dividend announced September 12, 2024.
- Dividend payable October 11, 2024 to shareholders of record on September 27, 2024.
- Announcement made via press release (Exhibit 99.1) titled "Keurig Dr Pepper Increases its Dividend by 7.0% and Declares Quarterly Dividend for Q3 2024."
- Company cites annual revenue of approximately $15 billion and a portfolio of more than 125 owned, licensed and partner brands.
- Company states it holds the #1 single serve coffee brewing system position in the U.S. and Canada, with leadership in soft drinks, coffee, tea, water, juice and mixers.
03—Questions
Frequently Asked Questions
How much is Keurig Dr Pepper's dividend increasing?
The Board approved a 7.0% increase in the annualized dividend rate, from $0.86 per share to $0.92 per share, effective with the regular quarterly cash dividend announced on September 12, 2024.
What is the amount of the new quarterly dividend?
The increased regular quarterly cash dividend is $0.23 per share, payable in U.S. dollars on the company's common stock.
When will the increased dividend be paid, and who is eligible?
The dividend is payable on October 11, 2024 to shareholders of record on September 27, 2024.
Where was this announcement made?
The company issued a press release dated September 12, 2024, which is filed as Exhibit 99.1 to this Form 8-K under Item 8.01 (Other Events).
What is the scale of Keurig Dr Pepper's business?
The company describes itself as a leading beverage company in North America with annual revenue of approximately $15 billion, more than 125 owned, licensed and partner brands, and approximately 28,000 employees.
04—Continue