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