Below is a list of companies in Canada and the United States that have increased their dividends in the month of September.
The companies we list are not the complete list of companies that have increased their dividends in Canada and the United States or the rest of the world however, they are companies we follow or own.
Canadian Companies
| Company | Previous ($) | New ($) | Change (%) |
| Emera | 2.65 | 2.76 | 4.20 |
| Fortis Inc. | 0.535 | 0.565 | 5.60 |
US Companies
| Company | Previous ($) | New ($) | Change (%) |
| Lockheed Martin | 2.80 | 3.00 | 7.14 |
| Keurig Dr Pepper | 0.1875 | 0.20 | 6.67 |
| Starbucks Corp. | 0.49 | 0.53 | 8.20 |
| Microsoft | 0.62 | 0.68 | 9.70 |
The dollar value listed per share represents a quarterly dividend payment.
Information was obtained from the companies directly.
History of Keurig Dr Pepper
Keurig Dr Pepper recently increased their quarterly dividend by 6.67% from $0.95 to $1.15. With this dividend increase, Keurig Dr Pepper now pays an annual dividend of $4.60 to their shareholders. The company has been paying a consistent quarterly dividend since it was formed through a merge in 2018. Keurig Green Mountain merged with Dr Pepper Snapple Group, which formed the company we now know of today as Keurig Dr Pepper. Prior to the merge, Dr Pepper Snapple Group had been paying a consistent and growing quarterly dividend for nine consecutive years.
Dr Pepper is claimed to be the oldest major soft drink in America. It originated from Morrison’s Old Corner Drug Store in Waco, Texas in 1885. The pharmacist, Charles Alderton, served carbonated soft drinks at the soda fountain and started to notice that his customers were getting tired of the flavours they had to offer. Using a blend of 23 different fruit based flavours, Dr Pepper was created. The soft drink was then introduced to millions of visitors at the 1904 St. Louis World’s Fair, which contributed to its success today.
Keurig Dr Pepper is currently the 8th largest food & beverage company in the United States. In 2021, the company had $12.7 billion in sales and employed almost 27,000 individuals. Keurig Dr Pepper’s portfolio consists of over 125 owned, licensed, partner and allied brands across a variety of beverage categories. Some of the brands in the company’s portfolio include Dr Pepper, 7up, Canada Dry, Mott’s, Crush, Schweppes, Snapple, Stewart’s, Margaritaville, ReaLemon, and more. In addition, Keurig Dr Pepper also offers a variety of specialty coffee and other specialty beverages in K-Cup® pods through partnerships with brands including McCafé, Krispy Kreme Doughnuts, Cinnabon, The Original Donut Shop Coffee and more.
The company’s cold beverages portfolio has continued to perform exceptionally well despite the current market conditions. Their coffee business has also recovered from the significant supply chain disruption at the beginning of the year and are expected to have strong sales and earnings growth in the fourth quarter. Keurig Dr Pepper’s net sales for the third quarter of 2022 has increased by 11.4% to $3.62 billion in comparison to $3.25 billion in the year-ago period. It is important to recognize that regardless of the market conditions, consumers still enjoy a refreshing beverage and continue to purchase Keurig Dr Pepper products. Due to the consistent growth in revenue and cash flow, Keurig Dr Pepper continues to reward their shareholders by increasing the dividend. A dividend increase ultimately translates to an increase in the shareholders’ income. To celebrate, enjoy a cold can of Dr Pepper!
If you would like to read more about company history please take a look at our previous blog post: