PLANO, Texas, Feb. 11, 2016 /PRNewswire/ -- Dr Pepper Snapple
Group, Inc. (NYSE: DPS) today announced that its Board of Directors
declared a quarterly dividend of $0.53 per share on the company's common stock – a
10.4% increase in the dividend rate. The dividend is payable
in U.S. dollars on April 5, 2016, to
shareholders of record on March 15,
2016.
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.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group (NYSE: DPS) is a leading producer of
flavored beverages in North
America and the Caribbean.
Our success is fueled by more than 50 brands that are synonymous
with refreshment, fun and flavor. We have 6 of the top 10 non-cola
soft drinks, and 13 of our 14 leading brands are No. 1 or No. 2 in
their flavor categories. In addition to our flagship Dr Pepper and
Snapple brands, our portfolio includes 7UP, A&W, Canada Dry,
Clamato, Crush, Hawaiian Punch, Mott's, Mr & Mrs T mixers,
Peñafiel, Rose's, Schweppes, Squirt and Sunkist soda. To learn more
about our iconic brands and Plano,
Texas-based company, please visit www.DrPepperSnapple.com.
For our latest news and updates, follow us at
www.Facebook.com/DrPepperSnapple or
www.Twitter.com/DrPepperSnapple.
Contacts:
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Media
Relations
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Chris Barnes, (972)
673-5539
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Investor
Relations
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Heather Catelotti,
(972) 673-5869
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SOURCE Dr Pepper Snapple Group, Inc.