Keurig Dr Pepper, Inc. (NASDAQ:KDP) Q4 2020 Earnings Conference Call February 25, 2021 8:00 AM ET
Company Participants
Tyson Seely - VP, IR
Robert Gamgort - Executive Chairman & CEO
Ozan Dokmecioglu - CFO & President, International
Conference Call Participants
Bonnie Herzog - Goldman Sachs Group
Bryan Spillane - Bank of America Merrill Lynch
Kevin Grundy - Jefferies
Lauren Lieberman - Barclays Bank
Dara Mohsenian - Morgan Stanley
Sunil Modi - RBC Capital Markets
Andrea Teixeira - JPMorgan Chase & Co.
Robert Ottenstein - Evercore ISI
Sean King - UBS Investment Bank
Operator
Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Keurig Dr Pepper's earnings call for the fourth quarter and full year of 2020. This conference call is being recorded, and there will be a question-and-answer session at the end of the call.
I would now like to introduce Keurig Dr Pepper's Vice President of Investor Relations, Mr. Tyson Seely. Mr. Seely, please go ahead.
Tyson Seely
Thank you, and hello, everyone. Thanks for joining us. Earlier this morning, we issued two press releases, the first announcing that our Board has approved a 25% increase in our quarterly dividend from $0.60 to $0.75 per share on an annualized basis beginning with the second quarter dividend announcement subject to official declaration by our Board of Directors. As part of that announcement, we also indicated that the Board has declared a regular quarterly dividend of $0.15 for the first quarter of 2021. The second press release covers our fourth quarter and full year 2020 results. Both releases are available on our website at keurigdrpepper.com in the Investors section.
Consistent with previous quarters, today, we will be discussing our performance on an adjusted basis, excluding items affecting comparability. The company believes that the adjusted basis provides investors with additional insight
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