Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Zevia PBC (ZVIA) is a U.S.-based public benefit corporation that develops, markets, and sells zero-sugar beverages sweetened with stevia. The company operates within the non-alcoholic beverage industry, with a focus on naturally sweetened carbonated soft drinks, energy drinks, teas, and mixers. Zevia’s products are positioned as alternatives to traditional sugar- and artificially sweetened beverages, targeting health-conscious consumers seeking reduced-calorie and clean-label options.
The company’s primary revenue drivers are its branded beverage lines sold through retail and e-commerce channels in North America. Zevia differentiates itself through its exclusive use of plant-based sweeteners, absence of artificial ingredients, and its public benefit corporation status, which formally incorporates social and environmental considerations into its governance. Founded in 2007 as Zero Calorie Soda, Inc., the company rebranded as Zevia in 2012 and completed its initial public offering in 2021, listing on the New York Stock Exchange under the ticker ZVIA.
Business Operations
Zevia generates revenue through the sale of its beverages across multiple product categories, including carbonated soft drinks, energy drinks, organic teas, and mixers. The company primarily operates through a wholesale distribution model, selling to national and regional retailers, natural food stores, and foodservice distributors, while also maintaining a direct-to-consumer e-commerce presence. The majority of sales are derived from the carbonated soft drink segment, which represents the company’s longest-standing and most recognized product line.
Manufacturing is largely outsourced to third-party co-packers, while Zevia retains control over brand management, product formulation, and marketing. Operations are primarily domestic, with limited international sales. The company does not own manufacturing plants, which allows for asset-light operations but increases reliance on supplier and logistics partners. Zevia does not report material joint ventures, though it maintains commercial relationships with major distributors and retailers across the United States and Canada.
Strategic Position & Investments
Zevia’s strategic direction centers on expanding household penetration, increasing velocity in existing retail channels, and extending its brand into adjacent beverage categories aligned with health and wellness trends. Growth initiatives include new flavor introductions, packaging innovations, and expanded availability in convenience and foodservice channels. The company has also invested in marketing campaigns aimed at strengthening brand awareness and reinforcing its positioning as a zero-sugar alternative to legacy soda brands.
Zevia has not pursued large-scale acquisitions and instead emphasizes organic growth. Its notable strategic investor historically included The Coca-Cola Company, which held a minority stake prior to fully exiting its position in 2023; this relationship was viewed as validation of Zevia’s brand within the broader beverage industry. The company’s emerging focus areas include functional beverages and continued reformulation improvements tied to taste and ingredient transparency. Data inconclusive based on available public sources regarding any material investments beyond routine capital expenditures.
Geographic Footprint
Zevia is headquartered in Los Angeles, California, and its operations are primarily concentrated in North America. The United States represents the company’s core market, accounting for the substantial majority of revenue, with products distributed nationwide across grocery, mass merchandise, club, convenience, and natural retail channels. Canada represents the company’s most significant international market, though on a much smaller scale relative to U.S. operations.
Outside of North America, Zevia’s presence is limited and largely opportunistic, with no material manufacturing or corporate offices abroad. International sales are conducted through select distributors rather than dedicated regional subsidiaries. As of the most recent public disclosures, the company does not report significant operational influence or capital investment in Europe, Asia, or other global regions.
Leadership & Governance
Zevia operates under a single-class board structure and is governed as a public benefit corporation, aligning management incentives with both shareholder value creation and stated social impact goals. The leadership team emphasizes disciplined cost management, brand-led growth, and long-term category expansion within better-for-you beverages.
Key executives include:
- Amy Taylor – Chief Executive Officer
- Girish Satya – President and Chief Operating Officer
- Hugh Johnston – Chief Financial Officer
- Jennifer Cue – Chief Marketing Officer
- Derek Burney – Chief Legal Officer and Corporate Secretary
The company was co-founded by Derrick C. Johns, who played a central role in early product development and brand vision. Current leadership articulates a strategic vision focused on sustainable growth, ingredient transparency, and competing with incumbent beverage companies through differentiated health positioning rather than price-led competition.