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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Keurig Dr Pepper Inc. (KDP) pays a $0.92 annual dividend ($0.23 quarterly), yielding 2.66% at $34.62/share. Next ex-dividend date 2026-09-28. 6 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.66%
Annual Dividend: $0.92 per share
Payout Ratio: 92.9%
Ex-Dividend Date: 2026-09-28
Dividend Frequency: quarterly
Sector: Consumer Defensive
Years of Dividend History: 18
Keurig Dr Pepper Inc. dividend investors are buying into one of the most recognizable beverage portfolios in North America, spanning Dr Pepper, Canada Dry, and K-Cup coffee systems. KDP currently yields 2.97%, with a trailing annual dividend rate of $0.92 per share paid quarterly. The next ex-dividend date is September 28, 2026. A beta of 0.414 points to low price volatility, which suits income investors who prioritize a steady payout over capital gains.
Keurig Dr Pepper Inc. pays out 91.3% of earnings as dividends, a payout ratio classified as high (above 75%). That level is supported by the company's broad portfolio of everyday beverage brands, including Dr Pepper concentrates, Snapple, and Keurig brewing systems, which generate recurring consumer demand across retail, restaurant, and office channels. Keurig Dr Pepper Inc. dividend safety faces its clearest pressure from that same payout ratio: at 91.3%, there is limited room to absorb an earnings decline before the dividend would require reassessment.
Keurig Dr Pepper Inc. dividend history shows a CAGR of 0.1% per year from 2010 to 2025. Per-share payments moved from $0.90 to $0.92 over that span (with 2026 a partial year). The largest annual increase in the window was 34.4% in 2011, but the data also contains at least one year-over-year decline exceeding 5%, and the 15-year CAGR of 0.1% makes clear that growth is effectively flat. For income investors focused on purchasing power, that pace does not keep up with inflation.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +6.5% | $0.76 (2022) | $0.92 (2025) |
| 5-Year | +8.9% | $0.60 (2020) | $0.92 (2025) |
| 10-Year | -7.1% | $1.92 (2015) | $0.92 (2025) |
KDP fits dividend investors who want a moderate (2–4%) yield from a low-volatility consumer beverage business, and who are not counting on the dividend to grow meaningfully over time. The current 2.97% yield sits above the 5-year average of 2.61%, which is a modest improvement in income terms. The trade-off is a 91.3% payout ratio that leaves little financial cushion, paired with a 15-year CAGR of just 0.1%. Six consecutive years of increases show a commitment to the dividend, but the pace of those increases has been slow. Income over growth is the defining characteristic here.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-28 | $0.2300 |
| 2026-06-26 | $0.2300 |
| 2026-03-27 | $0.2300 |
| 2026-01-02 | $0.2300 |
| 2025-09-26 | $0.2300 |
| 2025-06-27 | $0.2300 |
| 2025-03-28 | $0.2300 |
| 2025-01-03 | $0.2300 |
| 2024-09-27 | $0.2300 |
| 2024-06-28 | $0.2150 |
| Year | Total Dividends |
|---|---|
| 2026 | $0.9200 |
| 2025 | $0.9200 |
| 2024 | $0.8750 |
| 2023 | $0.8150 |
| 2022 | $0.7625 |
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