Keurig Dr Pepper’s board raises annualized dividend rate by 7.5%

Keurig Dr Pepper KDP said Tuesday its board has approved a 7.5% increase in its annualized dividend rate to 86 cents a share from 80 cents previously. The next quarterly payment of 21.50 cents a share will be payable Oct. 13 to shareholders of record as of Sept. 29. The stock is down 5.6% in the year to date, while the S&P 500 SPX has gained 16%.

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