Current Yield
2.76%
TTM Dividend/Share
$0.92
Payment Frequency
Quarterly
Payout Ratio
68.1%
Consecutive Growth Years
6 (Dividend Challenger)
Key takeaways
- Dividend Challenger — Keurig Dr Pepper (KDP) has raised its dividend for 6 consecutive years.
- Keurig Dr Pepper (KDP) currently yields 2.76%, paying $0.92 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 68.1% — the share of earnings distributed as dividends.
- 3 of 8 dividend safety checks passed.
- 5-year dividend CAGR of 8.92%.
Dividend yield valuation for Keurig Dr Pepper (KDP)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Near average — fair value |
Current yield (now) | 2.76% |
1-year average yield | 3.29%now 0.53 pp below |
3-year average yield | 2.82%now 0.06 pp below |
5-year average yield | 2.49%now 0.27 pp above |
KDP: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Keurig Dr Pepper (KDP)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 11.7% |
FCF payout ratio | 19.8% |
Net debt / EBITDA | 6.1x |
Interest coverage | 4.06x |
ROIC (TTM) | 5.6% |
Dividend safety score for Keurig Dr Pepper (KDP)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
3 of 8 checks passed
Payout ratio below 75%
Payout ratio is 68.1%, well below the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $331M — FCF fully covers the payout.
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
Only 6 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 19.8%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 6.1x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (8.9%) exceeds EPS growth (-13.1%) — payout ratio expanding.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
67 payments from 2009 to 2026 · Adj. Dividend is split-adjusted
| Jun 26, 2026 | Jul 10, 2026 | $0.2300 | $0.2300 |
| Mar 27, 2026 | Apr 10, 2026 | $0.2300 | $0.2300 |
| Jan 2, 2026 | Jan 16, 2026 | $0.2300 | $0.2300 |
| Sep 26, 2025 | Oct 10, 2025 | $0.2300 | $0.2300 |
| Jun 27, 2025 | Jul 11, 2025 | $0.2300 | $0.2300 |
| Mar 28, 2025 | Apr 11, 2025 | $0.2300 | $0.2300 |
| Jan 3, 2025 | Jan 17, 2025 | $0.2300 | $0.2300 |
| Sep 27, 2024 | Oct 11, 2024 | $0.2300 | $0.2300 |
| Jun 28, 2024 | Jul 12, 2024 | $0.2150 | $0.2150 |
| Mar 27, 2024 | Apr 12, 2024 | $0.2150 | $0.2150 |
| Jan 4, 2024 | Jan 19, 2024 | $0.2150 | $0.2150 |
| Sep 28, 2023 | Oct 13, 2023 | $0.2150 | $0.2150 |
- Jun 26, 2026$0.2300
- Mar 27, 2026$0.2300
- Jan 2, 2026$0.2300
- Sep 26, 2025$0.2300
- Jun 27, 2025$0.2300
- Mar 28, 2025$0.2300
- Jan 3, 2025$0.2300
- Sep 27, 2024$0.2300
- Jun 28, 2024$0.2150
- Mar 27, 2024$0.2150
- Jan 4, 2024$0.2150
- Sep 28, 2023$0.2150
Historical dividend yield for Keurig Dr Pepper (KDP)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 3.29%5Y: 2.49%10Y: 4.60%
Dividend per share for Keurig Dr Pepper (KDP)
CAGR (per year)1Y: 5.14%5Y: 8.92%10Y: -7.09%→ Stable
| Year | Total ($/share) | Payments |
|---|---|---|
| 2009 | $0.15 | 1 |
| 2010 | $0.90 | 4 |
| 2011 | $1.21 | 4 |
| 2012 | $1.36 | 4 |
| 2013 | $1.52 | 4 |
| 2014 | $1.64 | 4 |
| 2015 | $1.92 | 4 |
| 2016 | $2.12 | 4 |
| 2017 | $2.32 | 4 |
| 2018 | $104.48 | 3 |
| 2019 | $0.60 | 4 |
| 2020 | $0.60 | 4 |
| 2021 | $0.68 | 4 |
| 2022 | $0.76 | 4 |
| 2023 | $0.81 | 4 |
| 2024 | $0.88 | 4 |
| 2025 | $0.92 | 4 |
| 2026 | $0.69 | 3 |
Dividend growth for Keurig Dr Pepper (KDP)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $0.9200 | — | — |
| 2025 | $0.8750 | $0.9200 | +5.1% |
| 2024 | $0.8150 | $0.8750 | +7.4% |
| 2023 | $0.7625 | $0.8150 | +6.9% |
| 2022 | $0.6750 | $0.7625 | +13.0% |
| 2021 | $0.6000 | $0.6750 | +12.5% |
| 2020 | $0.6000 | $0.6000 | 0.0% |
| 2019 | $104.4800 | $0.6000 | -99.4% |
| 2018 | $2.3200 | $104.4800 | +4403.4% |
| 2017 | $2.1200 | $2.3200 | +9.4% |
| 2016 | $1.9200 | $2.1200 | +10.4% |
| 2015 | $1.6400 | $1.9200 | +17.1% |
| 2014 | $1.5200 | $1.6400 | +7.9% |
| 2013 | $1.3600 | $1.5200 | +11.8% |
| 2012 | $1.2100 | $1.3600 | +12.4% |
| 2011 | $0.9000 | $1.2100 | +34.4% |
| 2010 | — | $0.9000 | — |
- 2026—
- 2025$0.9200
- 2024$0.8750
- 2023$0.8150
- 2022$0.7625
- 2021$0.6750
- 2020$0.6000
- 2019$0.6000
- 2018$104.4800
- 2017$2.3200
- 2016$2.1200
- 2015$1.9200
- 2014$1.6400
- 2013$1.5200
- 2012$1.3600
- 2011$1.2100
- 2010$0.9000
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
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