Trailing Dividend / Share
$0.92
Keurig Dr Pepper Inc. (KDP) Dividend History
Income profile from 2009 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
3.2%
Payout Ratio
60.1%
Watch
Dividend Streak
7 years
KDP Dividend Income Check
Safety
60.1% payout ratio with watch safety profile.
Consistency
7 straight years of dividend increases.
Income Trend
Yield on cost is 2.9% and trend is rising.
KDP Dividend Scorecard
Yield & Income
Dividend Yield3.2%
Trailing DPS$0.92
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout60.1%
Earnings SafetyWatch
FCF Payout78.8%
FCF SafetyStretched
Piotroski F-Score7/9
Growth
Growth Streak7 years
3Y CAGR6.5%
5Y CAGR8.9%
Yield on Cost (5Y)2.9%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield3.2%
1Y Total Return-13.5%
5Y Total Return-10.6%
Div Contribution (5Y)11.5%
Estimated $10K growth (return + dividends):
5Y ago$8,94210Y ago$93,33620Y ago$348,273
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
KDP Income Growth Story
Dividend per share and yield on cost over time (18 years of payments)
KDP Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Keurig Dr Pepper Inc. distributes 60.1% of earnings as dividends (Watch). When measured against free cash flow—a stricter test—the payout ratio stands at 78.8%, rated "Stretched".
Piotroski F-Score: 7/9 — strong financial health.
Growth Track Record
KDP has raised its dividend for 7 consecutive years, with a 3-year CAGR of 6.5% and 5-year CAGR of 8.9%.
Total Shareholder Returns
Beyond cash dividends, KDP returns capital through share repurchases. The combined picture: 3.2% dividend yield, 0.0% buyback yield, 3.2% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 2.9% and is currently rising. The 5-year total return is -10.6%, with dividends contributing 11.5% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $93,336 today.
FCF payout is stretched — the dividend consumes a large share of free cash flow.
KDP Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$4.21
Avg/Payment$0.2104
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Mar 27, 2026Latest | $0.2300 | — | 3.51% | Apr 10, 2026 |
| Jan 2, 2026 | $0.2300 | — | 3.32% | Jan 16, 2026 |
| Sep 26, 2025 | $0.2300 | — | 3.61% | Oct 10, 2025 |
| Jun 27, 2025 | $0.2300 | — | 2.80% | Jul 11, 2025 |
| Mar 28, 2025 | $0.2300 | — | 2.68% | Apr 11, 2025 |
| Jan 3, 2025 | $0.2300 | — | 2.82% | Jan 17, 2025 |
| Sep 27, 2024 | $0.2300 | ↑ +7.0% | 2.34% | Oct 11, 2024 |
| Jun 28, 2024 | $0.2150 | — | 2.57% | Jul 12, 2024 |
KDP Dividend vs Peers
Comparable companies in the same industry
#3 yield in peer group
Div Yield
3.2%
#3 of 7
Safety
Watch
60.1% payout
Streak
7Y
8.9% 5Y CAGR
Total Shareholder
3.2%
#4 of 7
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
3rd KDPKeurig Dr Pepper Inc… | $38.7B | 3.2% | 60.1% | 7 | Watch |
2nd  PEPPepsiCo, Inc. | $213.6B | 3.6% | 92.7% | 25 | At Risk |
 KOThe Coca-Cola Compan… | $337.6B | 2.6% | 67.0% | 35 | Watch |
 CELHCelsius Holdings, In… | $8.8B | 0.5% | — | 1 | Unknown |
1st  FIZZNational Beverage Co… | $3.3B | 9.2% | 1.6% | 4 | Sustainable |
 SBUXStarbucks Corporatio… | $118.8B | 2.3% | 1.5% | 16 | Sustainable |
 COKECoca-Cola Consolidat… | $14.9B | 0.6% | 15.2% | 0 | Sustainable |
KDP Annual Dividend History (2004–2026)
23 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.46 | — | 2 | — | — | — | 1.5% |
| 2025 | $0.92 | 5.1% | 4 | $1.53 | 60.1% | 1.66x | 2.9% |
| 2024 | $0.88 | 7.4% | 4 | $1.05 | 83.3% | 1.20x | 2.8% |
| 2023 | $0.82 | 6.9% | 4 | $1.55 | 52.6% | 1.90x | 2.6% |
| 2022 | $0.76 | 13.0% | 4 | $1.01 | 75.5% | 1.32x | 2.4% |
| 2021 | $0.68 | 12.5% | 4 | $1.50 | 45.0% | 2.22x | 2.1% |
| 2020 | $0.60 | 0.0% | 4 | $0.93 | 64.5% | 1.55x | 1.9% |
| 2019 | $0.60 | -99.4% | 4 | $0.88 | 68.2% | 1.47x | 1.9% |
| 2018 | $104.48 | 4403.4% | 3 | $0.53 | 19713.2% | 0.01x | 330.7% |
| 2017 | $2.32 | 9.4% | 4 | $5.89 | 39.4% | 2.54x | 7.3% |
Full KDP Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See KDP's True Return
Price is only half the story. See total return with reinvested dividends.
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View ValuationCompare KDP vs WMT
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Start ComparisonKDP — Frequently Asked Questions
Quick answers to the most common questions about buying KDP stock.
How much dividend does KDP pay per share?
Keurig Dr Pepper Inc. (KDP) pays a trailing 12-month dividend of $0.92 per share, with a current dividend yield of +3.2%. Payments are made Semi-Annual.
When is KDP's next ex-dividend date?
KDP's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. KDP typically pays dividends Semi-Annual.
Is KDP's dividend safe?
KDP's dividend safety is rated "Watch" based on an earnings payout ratio of +60.1% and FCF payout ratio of +78.8%. The 7-year growth streak provides moderate confidence.
Is KDP a Dividend Payer?
Yes, Keurig Dr Pepper Inc. is classified as a Dividend Payer with 7 consecutive years of dividend increases. The 5-year dividend CAGR is +8.9%, demonstrating above-inflation dividend growth.
How often does KDP pay dividends?
Keurig Dr Pepper Inc. pays dividends Semi-Annual. The trailing 12-month total is $0.92 per share. Dividend data on this page covers 17+ years from 2009 to 2026.
How much would $10,000 invested in KDP grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in KDP five years ago would be worth approximately $8,942 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is KDP's yield on cost for long-term holders?
KDP's yield on cost — the current dividend divided by the original purchase price — is +2.9% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +3.2% market yield, thanks to consistent dividend growth.