BURLINGTON, Mass. and FRISCO, Texas, Sept. 12, 2024 /PRNewswire/ -- Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has approved a 7.0% increase in its annualized dividend rate to $0.92 per share, from the current annualized rate of $0.86 per share, effective with the regular quarterly cash dividend also announced today. 

The increased regular quarterly cash dividend of $0.23 per share is payable in U.S. dollars on the Company's common stock on October 11, 2024 to shareholders of record on September 27, 2024.

Investor Contacts:

Investor Relations

T: 888-340-5287 / IR@kdrp.com 

Media Contact:

Katie Gilroy

T: 781-418-3345 / katie.gilroy@kdrp.com 

About Keurig Dr Pepper

Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. With annual revenue of approximately $15 billion, we hold leadership positions in beverage categories including soft drinks, coffee, tea, water, juice and mixers, and have the #1 single serve coffee brewing system in the U.S. and Canada. Our innovative partnership model builds emerging growth platforms in categories such as premium coffee, energy, sports hydration and ready-to-drink coffee. Our brands include Keurig^®, Dr Pepper^®, Canada Dry^®, Mott's^®, A&W^®, Snapple^®, Peñafiel^®, 7UP^®, Green Mountain Coffee Roasters^®, Clamato^®, Core Hydration^® and The Original Donut Shop^®. Driven by a purpose to Drink Well. Do Good., our 28,000 employees aim to enhance the experience of every beverage occasion and to make a positive impact for people, communities and the planet. For more information, visit www.keurigdrpepper.com and follow us on LinkedIn.  

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SOURCE Keurig Dr Pepper Inc.