0001418135FALSE00014181352024-09-122024-09-12

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 12, 2024
kdp2a23.jpg
Keurig Dr Pepper Inc.
(Exact name of registrant as specified in its charter)
Delaware 001-33829 98-0517725
(State or other jurisdiction of incorporation) (Commission File Number) (IRS Employer Identification No.)
53 South Avenue, Burlington, Massachusetts 01803
(Address of principal executive offices, including zip code)
781-418-7000
(Registrant’s telephone number including area code)
Not Applicable
(Former name or former address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐     Pre-commencement communications pursuant to Rule 13e-14(c) under the Exchange Act (17 CFR 240.13e-14(c))

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common stockKDP
Nasdaq Stock Market LLC


Item 8.01. Other Events.

On September 12, 2024, Keurig Dr Pepper Inc. (the “Company”) issued a press release announcing that its Board of Directors has approved a 7.0% increase in its annualized dividend rate to $0.92 per share, from the current annualized rate of $0.86 per share, effective with the regular quarterly cash dividend announced on the same day.

The increased regular quarterly dividend of $0.23 per share is payable in U.S. dollars on the Company’s common stock on October 11, 2024 to shareholders of record on September 27, 2024.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.
  
Exhibit No. Description
   
 
Keurig Dr Pepper Inc. Press Release dated September 12, 2024 - "Keurig Dr Pepper Increases its Dividend by 7.0% and Declares Quarterly Dividend for Q3 2024"
104Cover Page Interactive Data File, formatted in Inline XBRL and included as Exhibit 101


SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
     
 KEURIG DR PEPPER INC. 
  
Date: September 12, 2024
By:  /s/ Anthony Shoemaker
  Anthony Shoemaker
  Chief Legal Officer, General Counsel and Secretary


EXHIBIT 99.1
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Keurig Dr Pepper Increases its Dividend by 7.0% and Declares Quarterly Dividend for Q3 2024


BURLINGTON, MA and FRISCO, TX (September 12, 2024) – Keurig Dr Pepper (NASDAQ: KDP) announced today that its Board of Directors has approved a 7.0% increase in its annualized dividend rate to $0.92 per share, from the current annualized rate of $0.86 per share, effective with the regular quarterly cash dividend announced today.

The increased regular quarterly cash dividend of $0.23 per share is payable in U.S. dollars on the Company's common stock on October 11, 2024 to shareholders of record on September 27, 2024.

Investor Contacts:
Investor Relations
T: 888-340-5287 / IR@kdrp.com
Media Contact:
Katie Gilroy
T: 781-418-3345 / katie.gilroy@kdrp.com


About Keurig Dr Pepper
Keurig Dr Pepper (Nasdaq: KDP) is a leading beverage company in North America, with a portfolio of more than 125 owned, licensed and partner brands and powerful distribution capabilities to provide a beverage for every need, anytime, anywhere. With annual revenue of approximately $15 billion, we hold leadership positions in beverage categories including soft drinks, coffee, tea, water, juice and mixers, and have the #1 single serve coffee brewing system in the U.S. and Canada. Our innovative partnership model builds emerging growth platforms in categories such as premium coffee, energy, sports hydration and ready-to-drink coffee. Our brands include Keurig®, Dr Pepper®, Canada Dry®, Mott's®, A&W®, Snapple®, Peñafiel®, 7UP®, Green Mountain Coffee Roasters®, Clamato®, Core Hydration® and The Original Donut Shop®. Driven by a purpose to Drink Well. Do Good., our 28,000 employees aim to enhance the experience of every beverage occasion and to make a positive impact for people, communities and the planet. For more information, visit www.keurigdrpepper.com and follow us on LinkedIn.

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Cover Document
Sep. 12, 2024
Cover [Abstract]  
Entity Central Index Key 0001418135
Entity Incorporation, State or Country Code DE
Document Type 8-K
Entity Registrant Name Keurig Dr Pepper Inc.
Entity File Number 001-33829
Entity Tax Identification Number 98-0517725
Entity Address, Address Line One 53 South Avenue
Entity Address, City or Town Burlington
Entity Address, State or Province MA
Entity Address, Postal Zip Code 01803
City Area Code 781
Local Phone Number 418-7000
Title of 12(b) Security Common stock
Trading Symbol KDP
Security Exchange Name NASDAQ
Written Communications false
Soliciting Material false
Pre-commencement Tender Offer false
Pre-commencement Issuer Tender Offer false
Entity Emerging Growth Company false
Amendment Flag false
Document Period End Date Sep. 12, 2024
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