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Keuring Dr Pepper Plans $4B Share Buyback Program

Keuring Dr Pepper Inc (NASDAQ:KDP) Board of Directors has authorized a share repurchase program of up to $4 billion of outstanding…
byShivani Kumaresan
October 1, 2021
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  • Keuring Dr Pepper Inc (NASDAQ:KDP) Board of Directors has authorized a share repurchase program of up to $4 billion of outstanding common stock.
  • The buyback program is effective for four years, beginning on January 1, 2022, and expiring on December 31, 2025.
  • The approval represents about 8% of the company’s outstanding common stock based on the closing price on September 29, 2021.
  • The company held $167 million in cash and equivalents as of June 30, 2021.
  • Price Action: KDP shares are trading lower by 2.37% at $33.35 on the last check Friday.
 
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