Please ensure Javascript is enabled for purposes of website accessibility

Keurig Dr Pepper Declares a New Dividend

By Eric Volkman - Updated Apr 30, 2020 at 12:27PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company is keeping the quarterly payout steady at $0.15 per share.

There's enough fizz in Keurig Dr Pepper's (KDP -0.29%) bottle for another shareholder payout. On Wednesday, the beverage conglomerate's board of directors declared its latest quarterly dividend.

As with all of the company's regular distributions, it is $0.15 per share. It will be paid on July 17 to stockholders of record as of July 3, and at the most recent closing share price, it yields 2.2%.

A man checking a grocery store shelf stocked with soft drinks.

Image source: Keurig Dr Pepper.

The announcement closely follows the release of the company's first-quarter 2020 results, in which it managed to grow revenue by over 4% and non-GAAP (adjusted) net income by 13% on a year-over-year basis despite the economy-draining effects of the SARS-CoV-2 coronavirus outbreak.

The packaged beverages segment was a standout performer, with net sales rising more than 9% due to stocking by consumers ahead of stay-in-place measures aimed at mitigating the spread of the coronavirus.

Still, Keurig Dr Pepper is holding to its 2020 guidance, which forecasts an improvement in net sales of 3% to 4% for the year, and 13% to 15% growth in adjusted, per-share net income.

Since its debut on the stock market in July 2018, Keurig Dr Pepper -- the combination of several notable beverage companies, mainly the Keurig coffee machine and drinks maker, familiar soda brand Dr. Pepper, and the Snapple line of drinks -- has paid that regular $0.15 per share dividend every quarter.

Keurig Dr Pepper stock was an underperformer on Wednesday. In contrast to the gains of the broader equities market and other consumer discretionary stocks, the company's shares sank by 1.6% on the day.

 

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Keurig Green Mountain, Inc. Stock Quote
Keurig Green Mountain, Inc.
KDP
$35.39 (-0.29%) $0.10

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
317%
 
S&P 500 Returns
112%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 07/01/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.