Dr. Pepper Snapple Declares First Ever Dividend
By Gordon Wilcox
November 20, 2009 4:01 PM
November 20, 2009 4:01 PM
Dr. Pepper Snapple Group (NYSE: DPS) declared its first ever quarterly dividend earlier today, telling investors it will payout 15 cents a share on January 8 to shareholders of record on December 21.
The company, whose brands include 7Up, Mott's as well as Dr. Pepper and Snapple, also said it will buyback $200 million of its own shares. Dr. Pepper Snapple has been a public company for just 18 months.
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