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Keurig Dr Pepper Inc. (KDP) logo

Keurig Dr Pepper Inc.

S&P 500
KDP|Consumer Defensive|Beverages - Non-Alcoholic|$28.83|P/E 21.5|MCap 39.6B|NASDAQ

Last update: May 9, 2026 at 09:32

Dividend Safety Rating

70/ 100Safe

KDP's dividend appears safe and well-supported. Strengths include a 68.2% earnings payout ratio & 27.3% net debt / total assets. Areas of concern: 6.3% return on equity. The dividend has been growing at a 8.92% 5-year CAGR.

Based on 15 of 15 metrics

Strengths

  • Current Ratio: 2.3xStrong short-term liquidity to meet obligations.
  • Gross Margin: 52.8%High gross margin signals strong pricing power.
  • Dividend Streak: 11+ yrsLong, uninterrupted dividend track record.

Risks

  • Return on Equity: 6.3%Return on equity is below industry norms.

Payout & Coverage

Caution
Earnings Payout Ratio
68.2%Safe
FCF Payout Ratio
79.3%Caution
CFO Payout Ratio
56.6%Caution
Interest Coverage
4.6xCaution

Balance Sheet

Safe
Net Debt / Total Assets
27.3%Safe
Current Ratio
2.3xVery Safe
Debt-to-Equity
86.0Safe

Profitability

Safe
Return on Equity
6.3%Warning
Operating Margin
19.0%Safe
Gross Margin
52.8%Very Safe
Profit Margin Stability
ModerateCaution

Dividend Track Record

Safe
Dividend Streak
11+ yrsVery Safe
Dividend Cut
NoneVery Safe
5-Year Dividend CAGR
8.9%Safe
Earnings Stability
Mostly StableCaution

About Keurig Dr Pepper Inc.

Keurig Dr Pepper Inc. manufactures, markets, and distributes non-alcoholic beverages through three primary segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The company operates iconic brands including Dr Pepper, Snapple, A&W, 7UP, Hawaiian Punch, Core Hydration, Bai, Yoo-Hoo, and Vita Coco in the refreshment category, while also providing coffee systems and single-serve pods under the Keurig and Green Mountain brands. The company controls production and distribution through in-house manufacturing plants and distribution infrastructure, while also licensing and partnering to manufacture and distribute third-party coffee and beverage brands. With operations primarily in the U.S. and Canada representing approximately 95% of revenue and additional presence in Mexico, Keurig Dr Pepper serves consumers, businesses, and government sectors through online stores, retail outlets, and partnerships with resellers and cellular carriers. The company is undergoing strategic transformation, including the acquisition of JDE Peet's and a planned separation into two independent entities: a beverage company and a global coffee company.

Dividend Overview

Dividend Yield

3.16%

Annual Dividend

$0.92

Frequency

Quarterly

Payout Ratio

68.15%

FCF Payout Ratio

79.31%

Stock Price

$28.83

52-Week Range

$24.88 $35.94

Dividend History (2016–2025)

KDP annual dividend per share and yield history

Earnings & Profitability

KDP earnings per share and net profit margin

Key Dates

Last Ex-Dividend Date

March 27, 2026

Last Payment Date

April 10, 2026

Dividend Growth

3-Year Dividend CAGR

6.46%

5-Year Dividend CAGR

8.92%

10-Year Dividend CAGR

-7.09%

3-Year Total Growth

20.66%

5-Year Total Growth

53.33%

10-Year Total Growth

-52.08%

Income Calculator

KDP Dividend Calculator

Total Investment

$2,883.00

Annual Income

$92.00

Quarterly Income

$23.00

Monthly Income

$7.67

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Frequently Asked Questions

What is KDP's current dividend yield?
Keurig Dr Pepper Inc. (KDP) currently has a dividend yield of 3.16%, based on a stock price of $28.83 and an annual dividend of $0.92.
When is KDP's next dividend payment date?
KDP's next ex-dividend date is 2026-03-27 and the next payment date is 2026-04-10. You must own the stock before the ex-dividend date to receive the upcoming payment.
How much does KDP pay in dividends per year?
Keurig Dr Pepper Inc. paid $0.92 per share in annual dividends in 2025. The dividends are paid quarterly.
Has KDP been increasing its dividend?
Keurig Dr Pepper Inc. has grown its dividend at a 5-year CAGR of 8.92% and a 10-year CAGR of -7.09%.
Is KDP's dividend safe?
Keurig Dr Pepper Inc. has a payout ratio of 68.15%. Its free cash flow payout ratio is 79.31%. The payout ratio is moderate. Monitor earnings to ensure sustainability.
How is KDP's Dividend Safety Rating calculated?
The Dividend Safety Rating evaluates Keurig Dr Pepper Inc.'s dividend sustainability across four categories: Payout & Coverage (30%), Balance Sheet (20%), Profitability (20%), and Dividend Track Record (30%). Each metric is rated from "Very Safe" to "Danger" based on industry-standard thresholds, with sector-specific adjustments for consumer defensive companies. The overall score ranges from 0 to 100.

Want to understand how we rate dividend safety? Read our full methodology

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This page is not investment advice. The content is for informational purposes only and should not be construed as a recommendation to buy, sell, or hold any security. Always do your own research and consult a qualified financial advisor before making investment decisions.

Financial data, including dividend history, earnings, balance sheet metrics, and the Dividend Safety Rating, is provided for informational purposes only. Data may be delayed or differ from official filings. Past performance does not guarantee future results. Always verify with official sources before making investment decisions.

Market data provided by Twelve Data.