Keurig Dr Pepper Inc.
KDPConsumer Defensive · Stock · quarterly payer
Forward Yield
2.98%
Annual Dividend
$0.92
Payout Ratio
68%
5-Yr Growth
8.9%
Ex-Date
Jun 26, 2026
Frequency
Quarterly
Summary
As of July 2026, Keurig Dr Pepper Inc. (KDP) yields 2.98% ($0.92 per share annually), with a blended fair-value estimate of $26.46 — -14% downside, so it screens as fairly valued. Dividend safety grade: B (68/100). 5 years of dividend growth.
Is KDP a good dividend stock?
Yes, with caveatsKeurig Dr Pepper Inc. (KDP) pays a quarterly dividend yielding 2.98% ($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
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 2.98%
- Payout Ratio
- 68%
- Annual Dividend
- $0.92
- 5-Yr Avg Growth
- 8.9%
- Ex-Dividend Date
- Jun 26, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 0.41
- Market Cap
- $41.4B
- P/E Ratio
- 22.9
- 5-Yr Total Return
- -13%
- 52-Week Range
- $24.88 – $35.94
- Dividend Safety
- B · 68/100
- Ever Cut?
- Yes (2018)
Frequently Asked Questions
KDP Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
-8%
5 Years
-13%
52-Week Range
$24.88 – $35.94
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is KDP worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Keurig Dr Pepper Inc. is $26.46 per share, versus a market price of $30.91. That implies the stock is roughly fairly priced.
Fair Value
$26.46
Current Price
$30.91
Gap
-14%
Margin of Safety
-17%
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 6.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.0% discount rate (CAPM), 6.9% stage-1 growth, 2.5% terminal growth, $1.35 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
