By Colin Kellaher


Keurig Dr Pepper Inc. on Wednesday said its board raised the quarterly dividend by 6.7%, to 20 cents a share.

The new payout, equal to 80 cents a year, represents an annual yield of about 2.12% based on Tuesday's closing price of $37.69, up from 1.99%.

The Burlington, Mass., beverage company said the increased dividend is payable Oct. 14 to shareholders of record Sept. 30.


Write to Colin Kellaher at colin.kellaher@wsj.com


(END) Dow Jones Newswires

09-14-22 0856ET