Keurig Dr Pepper Inc.
KDPConsumer Defensive · Stock · quarterly payer
Forward Yield
2.97%
Annual Dividend
$0.92
Payout Ratio
93%
5-Yr Growth
8.9%
Ex-Date
Sep 28, 2026
Frequency
Quarterly
Summary
As of September 2026, Keurig Dr Pepper Inc. (KDP) yields 2.97% ($0.92 per share annually), with a blended fair-value estimate of $23.95 — -23% downside, so it screens as overvalued. Dividend safety grade: B (67/100). 5 years of dividend growth.
Is KDP a good dividend stock?
Yes, with caveatsKeurig Dr Pepper Inc. (KDP) pays a quarterly dividend yielding 2.97% ($0.92/yr), with 5 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 8.9% 5-yr dividend growth
Risks
- Cut its dividend in 2018
- Elevated payout ratio (93%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.97%
- Payout Ratio
- 93%
- Annual Dividend
- $0.92
- 5-Yr Avg Growth
- 8.9%
- Ex-Dividend Date
- Sep 28, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 0.41
- Market Cap
- $42.1B
- P/E Ratio
- 31.3
- 5-Yr Total Return
- -14%
- 52-Week Range
- $24.88 – $33.82
- Dividend Safety
- B · 67/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
KDP Price — Last 12 Months
Daily close
Price Return
1 Year
+14%
3 Years
+2%
5 Years
-14%
52-Week Range
$24.88 – $33.82
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KDP worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Keurig Dr Pepper Inc. is $23.95 per share, versus a market price of $30.96. That implies 23% of downside.
Fair Value
$23.95
Current Price
$30.96
Downside
-23%
Margin of Safety
-29%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 7.5% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 7.5% stage-1 growth, 2.5% terminal growth, $0.99 EPS, $0.92 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
KDP Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 26, 2026 | — | $0.2300 | regular |
| Mar 27, 2026 | — | $0.2300 | regular |
| Jan 2, 2026 | — | $0.2300 | regular |
| Sep 26, 2025 | — | $0.2300 | regular |
| Jun 27, 2025 | — | $0.2300 | regular |
| Mar 28, 2025 | — | $0.2300 | regular |
| Jan 3, 2025 | — | $0.2300 | regular |
| Sep 27, 2024 | — | $0.2300 | regular |
| Jun 28, 2024 | — | $0.2150 | regular |
| Mar 27, 2024 | — | $0.2150 | regular |
| Jan 4, 2024 | — | $0.2150 | regular |
| Sep 28, 2023 | — | $0.2150 | regular |
| Jun 29, 2023 | — | $0.2000 | regular |
| Mar 30, 2023 | — | $0.2000 | regular |
Income Calculator
At $0.92 / yr per share
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