Keurig Dr Pepper (KDP) Dividend
Keurig Dr Pepper Inc. · Consumer Defensive · Beverages - Non-Alcoholic · quarterly payer
As of Nov 5, 2026, Keurig Dr Pepper (KDP) pays a quarterly dividend of $0.23 per share, or $0.92 a year, a 2.50% yield at its $37.43 share price. It pays every quarter, usually in January, April, July and October. It has raised its dividend 5 years in a row and has a dividend safety grade of B.
Forward Yield
2.50%
Annual Dividend
$0.92
Payout Ratio
93%
5-Yr Growth
8.9%
Ex-Date
Sep 28, 2026
Frequency
Quarterly
Key facts about KDP's dividend
Data as of · Source: SmarterDividends data
- As of Nov 5, 2026, Keurig Dr Pepper Inc. (KDP) has a forward dividend yield of 2.50%, based on an annual dividend of $0.92 per share and a share price of $37.43.
- As of Nov 5, 2026, KDP's dividend safety grade from SmarterDividends is B (68 out of 100), which rates the dividend as safe.
- By SmarterDividends' count, Keurig Dr Pepper Inc. (KDP) has raised its dividend for 5 consecutive years as of Nov 5, 2026.
- KDP last cut its regular dividend in 2018.
- KDP's most recent ex-dividend date was Sep 28, 2026, for a dividend of $0.23 per share.
- As of Nov 5, 2026, KDP pays out 93% of its trailing 12-month earnings as dividends (its payout ratio).
- KDP's dividend has grown at an average rate of 8.9% a year over the past five years.
- As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for KDP is $22.71 per share, 39% below the $37.43 share price, so KDP screens as overvalued.
- Keurig Dr Pepper Inc. (KDP) pays its dividend quarterly, 4 times a year.
- Keurig Dr Pepper Inc. (KDP) has raised its regular dividend 12 times and cut it 1 time across the 68 payments on record since 2009. Its most recent change was a 7.0% increase to $0.230 per share, going ex-dividend on Sep 27, 2024. The last cut went ex-dividend on Oct 4, 2018.
- Keurig Dr Pepper (KDP) has declared its first higher dividend of the year in September in 3 of the last 5 years; its most recent raise, 7.0%, was declared on Sep 12, 2024.
Cite this page
SmarterDividends, "KDP Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/KDP
Is KDP a good dividend stock?
Yes, with caveatsKeurig Dr Pepper Inc. (KDP) pays a quarterly dividend yielding 2.50% ($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%)
Key Data
- Dividend Yield
- 2.50%
- 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
- 0.35
- Market Cap
- $50.9B
- P/E Ratio
- 33.7
- 5-Yr Total Return
- 5%
- 52-Week Range
- $24.88 – $36.13
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2018)
KDP dividend raises and cuts
Keurig Dr Pepper Inc. (KDP) has raised its regular dividend 12 times and cut it 1 time across the 68 payments on record since 2009. Its most recent change was a 7.0% increase to $0.230 per share, going ex-dividend on Sep 27, 2024. The last cut went ex-dividend on Oct 4, 2018.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 27, 2024 | Raise | $0.215 → $0.230 | +7.0% |
| Sep 28, 2023 | Raise | $0.200 → $0.215 | +7.5% |
| Sep 29, 2022 | Raise | $0.188 → $0.200 | +6.4% |
| Jun 30, 2021 | Raise | $0.150 → $0.188 | +25.3% |
| Oct 4, 2018 | Cut | $0.580 → $0.150 | −74.1% |
| Mar 10, 2017 | Raise | $0.530 → $0.580 | +9.4% |
| Mar 11, 2016 | Raise | $0.480 → $0.530 | +10.4% |
| Mar 12, 2015 | Raise | $0.410 → $0.480 | +17.1% |
| Mar 13, 2014 | Raise | $0.380 → $0.410 | +7.9% |
| Mar 13, 2013 | Raise | $0.340 → $0.380 | +11.8% |
| Mar 15, 2012 | Raise | $0.320 → $0.340 | +6.3% |
| Jun 16, 2011 | Raise | $0.250 → $0.320 | +28.0% |
Show all 13 changes since 2010
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 17, 2010 | Raise | $0.150 → $0.250 | +66.7% |
Frequently Asked Questions
Is KDP a good dividend stock?
Yes, with caveats. Keurig Dr Pepper Inc. (KDP) pays a quarterly dividend yielding 2.50% ($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.
Is KDP undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, KDP's fair value is about $22.71 versus a $37.43 share price — so it looks overvalued (-39% vs. fair value).
Is KDP's dividend safe?
KDP has a dividend-safety grade of B (68/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a dividend cut in 2018, debt and yield-versus-history.
What is KDP's fair value?
Our blended fair-value estimate for KDP is about $22.71 per share, about 39% below the current $37.43 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is KDP a buy, hold, or sell?
We don't issue formal ratings, but on the data KDP screens as "yes, with caveats" and overvalued. Keurig Dr Pepper Inc. (KDP) pays a quarterly dividend yielding 2.50% ($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. This is research for your own analysis, not investment advice.
Will KDP cut its dividend?
KDP earns a dividend-safety grade of B (68/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does KDP pay a dividend?
Yes. Keurig Dr Pepper Inc. pays a quarterly dividend of about $0.92 per share annually, a forward yield of roughly 2.50%.
How much dividend does 100 shares of KDP pay?
At $0.92 per share a year, 100 shares of KDP pay $92.00 a year in dividends before tax, about $23.00 each quarter. Buying them costs about $3,743 at the Nov 5, 2026 price.
What is KDP's dividend yield?
As of Nov 5, 2026, KDP's forward dividend yield is 2.50%, based on a $0.92 annual dividend and a $37.43 share price.
What is KDP's dividend per share?
As of Nov 5, 2026, KDP pays $0.92 per share per year, distributed on a quarterly basis.
What is KDP's dividend payout ratio?
As of Nov 5, 2026, KDP's payout ratio is 93% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has KDP grown its dividend?
As of Nov 5, 2026, KDP has increased its dividend for 5 consecutive years.
When is the next KDP ex-dividend date?
As of Nov 5, 2026, KDP's next ex-dividend date hasn't been announced. The most recent was Sep 28, 2026, for $0.23 per share.
KDP Price — Last 12 Months
Daily close
Price Return
1 Year
+28%
3 Years
+14%
5 Years
+5%
52-Week Range
$24.88 – $36.13
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 $22.71 per share, versus a market price of $37.43. That implies 39% of downside.
Fair Value
$22.71
Current Price
$37.43
Downside
-39%
Margin of Safety
-65%
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 23.5% annual free-cash-flow growth. We model 7.8% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.0% discount rate (CAPM), 7.8% growth for five years fading to 2.5% over the next five, $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
Full KDP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 28, 2026 | Oct 9, 2026 | $0.2300 | regular |
| Jun 26, 2026 | Jul 10, 2026 | $0.2300 | regular |
| Mar 27, 2026 | Apr 10, 2026 | $0.2300 | regular |
| Jan 2, 2026 | Jan 16, 2026 | $0.2300 | regular |
| Sep 26, 2025 | Oct 10, 2025 | $0.2300 | regular |
| Jun 27, 2025 | Jul 11, 2025 | $0.2300 | regular |
| Mar 28, 2025 | Apr 11, 2025 | $0.2300 | regular |
| Jan 3, 2025 | Jan 17, 2025 | $0.2300 | regular |
| Sep 27, 2024 | Oct 11, 2024 | $0.2300 | regular |
| Jun 28, 2024 | Jul 12, 2024 | $0.2150 | regular |
| Mar 27, 2024 | Apr 12, 2024 | $0.2150 | regular |
| Jan 4, 2024 | Jan 19, 2024 | $0.2150 | regular |
| Sep 28, 2023 | Oct 13, 2023 | $0.2150 | regular |
| Jun 29, 2023 | Jul 14, 2023 | $0.2000 | regular |
Income Calculator
At $0.92 / yr per share
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