Keurig Dr Pepper (KDP) Dividend History & Yield
Dividend ChallengerKeurig Dr Pepper (KDP) has increased its dividend for 6 consecutive years and currently yields 3.21%. The most recent dividend was $0.2300/share on Apr 10, 2026, paid Irregular.
Current Yield
3.21%
TTM Dividend/Share
$0.92
Payment Frequency
Irregular
Payout Ratio
68.1%
Consecutive Growth Years
6 (Dividend Challenger)
Div Growth (1Y CAGR)
5.14%
Div Growth (5Y CAGR)
8.92%
Div Growth (10Y CAGR)
-7.09%
KDP: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
12.1%
FCF payout ratio
19.8%
Net debt / EBITDA
6.7x
Interest coverage
4.06x
ROIC (TTM)
5.6%
Dividend Safety Score
3 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 68.1%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($1.11) covers dividend/share ($0.92).
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 6.7x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (8.9%) exceeds EPS growth (-9.3%) — payout ratio expanding.
Per-payment dividend history
Ex-date Mar 27, 2026
- Payment date
- Apr 10, 2026
- Dividend
- $0.2300
- Adj. dividend
- $0.2300
Ex-date Jan 2, 2026
- Payment date
- Jan 16, 2026
- Dividend
- $0.2300
- Adj. dividend
- $0.2300
Ex-date Sep 26, 2025
- Payment date
- Oct 10, 2025
- Dividend
- $0.2300
- Adj. dividend
- $0.2300
Ex-date Jun 27, 2025
- Payment date
- Jul 11, 2025
- Dividend
- $0.2300
- Adj. dividend
- $0.2300
Ex-date Mar 28, 2025
- Payment date
- Apr 11, 2025
- Dividend
- $0.2300
- Adj. dividend
- $0.2300
Ex-date Jan 3, 2025
- Payment date
- Jan 17, 2025
- Dividend
- $0.2300
- Adj. dividend
- $0.2300
Ex-date Sep 27, 2024
- Payment date
- Oct 11, 2024
- Dividend
- $0.2300
- Adj. dividend
- $0.2300
Ex-date Jun 28, 2024
- Payment date
- Jul 12, 2024
- Dividend
- $0.2150
- Adj. dividend
- $0.2150
Ex-date Mar 27, 2024
- Payment date
- Apr 12, 2024
- Dividend
- $0.2150
- Adj. dividend
- $0.2150
Ex-date Jan 4, 2024
- Payment date
- Jan 19, 2024
- Dividend
- $0.2150
- Adj. dividend
- $0.2150
Ex-date Sep 28, 2023
- Payment date
- Oct 13, 2023
- Dividend
- $0.2150
- Adj. dividend
- $0.2150
Ex-date Jun 29, 2023
- Payment date
- Jul 14, 2023
- Dividend
- $0.2000
- Adj. dividend
- $0.2000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| 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 29, 2023 | Jul 14, 2023 | $0.2000 | $0.2000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Keurig Dr Pepper has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 6 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 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 | — |
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.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Keurig Dr Pepper (KDP) from the consolidated cash flow statement, in USD as filed.
Latest period
$1.25B
YoY change
+4.7%
5Y CAGR
+8.1%
Peak year (2008)
$2.06B
Latest annual
$1.25B
Cash dividends paid over time for Keurig Dr Pepper (KDP)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Keurig Dr Pepper (KDP)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $1.25B | +4.7% | +$56.00M | ||
| 2024 | $1.19B | +4.6% | +$52.00M | ||
| 2023 | $1.14B | +5.7% | +$62.00M | ||
| 2022 | $1.08B | +13.1% | +$125.00M | ||
| 2021 | $955.00M | +12.9% | +$109.00M | ||
| 2020 | $846.00M | +0.2% | +$2.00M | ||
| 2019 | $844.00M | +263.8% | +$612.00M | ||
| 2018 | $232.00M | -44.0% | -$182.00M | ||
| 2017 | $414.00M | +7.3% | +$28.00M | ||
| 2016 | $386.00M | +8.7% | +$31.00M | ||
| 2015 | $355.00M | +12.0% | +$38.00M | ||
| 2014 | $317.00M | +5.0% | +$15.00M | ||
| 2013 | $302.00M | +6.3% | +$18.00M | ||
| 2012 | $284.00M | +13.1% | +$33.00M | ||
| 2011 | $251.00M | +29.4% | +$57.00M | ||
| 2010 | $194.00M | — | +$194.00M | ||
| 2009 | $0 | -100.0% | -$2.06B | ||
| 2008 | $2.06B | +869.5% | +$1.85B | ||
| 2007 | $213.00M | +166.3% | +$133.00M | ||
| 2006 | $80.00M | — | +$80.00M | ||
| 2005 | $0 | — | $0 | ||
| 2004 | $0 | — | — |
As of the 2025 fiscal year, Keurig Dr Pepper (KDP) reported dividends paid of $1.25B – edged up 4.7% year-over-year.
Looking at the 2020–2025 (5 years) stretch, Keurig Dr Pepper dividends paid compounded at +8.1% per year, sustaining 7 straight years of year-over-year growth.
Keurig Dr Pepper dividends paid peaked at $2.06B in 2008; the latest annual figure is $1.25B in 2025 (39.5% below peak).
The dataset's maximum dividends paid sits at $2.06B (2008); the minimum reading of $0 dates to 2004.
Among 8 Consumer Defensive peers, Keurig Dr Pepper (KDP) ranks 8th; the peer median for dividends paid is $7.57B.
Keurig Dr Pepper Dividends Paid 2025: $1.25B
Keurig Dr Pepper dividends paid in 2025 was $1.25B, edged up 4.7% from 2024.
Keurig Dr Pepper Dividends Paid 2024: $1.19B
Keurig Dr Pepper dividends paid in 2024 was $1.19B, edged up 4.6% from 2023.
Keurig Dr Pepper Dividends Paid 2023: $1.14B
Keurig Dr Pepper dividends paid in 2023 was $1.14B, grew 5.7% from 2022.
Keurig Dr Pepper Dividends Paid 2022: $1.08B
Keurig Dr Pepper dividends paid in 2022 was $1.08B, grew 13.1% from 2021.
Keurig Dr Pepper Dividends Paid 2021: $955.00M
Keurig Dr Pepper dividends paid in 2021 was $955.00M.
See more financial history for Keurig Dr Pepper (KDP).
Sector peers by dividends paid
Companies in the same sector as Keurig Dr Pepper, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| Procter & Gamble (PG) | $9.87B | Consumer Defensive |
| Coca-Cola (KO) | $8.78B | Consumer Defensive |
| Philip Morris International (PM) | $8.62B | Consumer Defensive |
| PepsiCo (PEP) | $7.64B | Consumer Defensive |
| Walmart (WMT) | $7.51B | Consumer Defensive |
| Altria Group (MO) | $6.96B | Consumer Defensive |
| Costco (COST) | $2.18B | Consumer Defensive |
| Monster Beverage (MNST) | $0 | Consumer Defensive |
Frequently asked questions
Does Keurig Dr Pepper pay dividends?
Yes, Keurig Dr Pepper (KDP) pays irregular dividends of approximately $0.92 per share annually, yielding 3.21%.
What is Keurig Dr Pepper's dividend yield?
Keurig Dr Pepper (KDP) has a current dividend yield of 3.21%.
Is Keurig Dr Pepper's dividend safe?
Keurig Dr Pepper (KDP) passes 3 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Keurig Dr Pepper increased its dividend?
Keurig Dr Pepper (KDP) has 6 consecutive years of dividend increases.
What is Keurig Dr Pepper's dividend payout ratio?
Keurig Dr Pepper (KDP) has a dividend payout ratio of 68.1%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Keurig Dr Pepper's dividends paid?
Latest reported dividends paid for Keurig Dr Pepper (KDP) is $1.25B (period ending March 31, 2026).
How has Keurig Dr Pepper dividends paid changed year-over-year?
Keurig Dr Pepper (KDP) dividends paid changed +4.7% year-over-year on the latest annual filing.
What is the long-term growth rate of Keurig Dr Pepper dividends paid?
Keurig Dr Pepper (KDP) dividends paid compound annual growth rate is +8.1% over the most recent 5 years available.
When did Keurig Dr Pepper dividends paid hit its highest annual value?
Keurig Dr Pepper dividends paid reached its highest annual value of $2.06B in 2008.
What was Keurig Dr Pepper dividends paid in 2024?
Keurig Dr Pepper (KDP) dividends paid in 2024 was $1.19B.
What was Keurig Dr Pepper dividends paid in 2025?
Keurig Dr Pepper (KDP) dividends paid in 2025 was $1.25B.
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