Dr Pepper Snapple Group (DPS) Raises Quarterly Dividend 10.4% to $0.53; Adds $1B to Buyback Plan

Dr Pepper Snapple Group (NYSE: DPS) declared a quarterly dividend of $0.53 per share, or $2.12 annualized. This is a 10.4% increase from the prior dividend of $0.48. The dividend will be payable on April 5, 2016, to stockholders of record on March 15, 2016, with an ex-dividend date of March 11, 2016. The annual yield on the dividend is 2.4 percent.

In addition, the company announced that its Board of Directors authorized the repurchase of an additional $1 billion of the company's common stock. In total, the company has now authorized $5 billion of share repurchases. Through the third quarter of 2015, the company repurchased $3.2 billion of its common stock.

For a dividend history and other dividend-related data on Dr Pepper Snapple Group (DPS) click here.

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