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Jim Trippon
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Jim Trippon is an bestselling business and finance author, a practicing CPA, and a fee based investment advisor. His portfolio of companies includes J.M. Trippon & Company CPA, Trippon Wealth Management & Trippon Financial Publishing. Jim has dedicated his business career to... More
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Trippon Financial Research, Inc.
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Global Profit$ Alert
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Stay Rich Forever: Retirement Planning Secrets of Millionaires and How They Can Work For You!
  • Dr. Pepper Snapple Establish An Illustrious Dividend Track Record 0 comments
    May 20, 2010 4:30 PM | about stocks: DPS, KO, PEP
    Dr. Pepper Snapple Group (NSYE: DPS),
    is already raising its payout and in a big way
    An Energy Dividend To Watch In 2010
    After only two quarters of paying a dividend, Dr. Pepper Snapple Group (NSYE: DPS), is already raising its payout and in a big way. The company said it will raise its quarterly dividend by 67% to 25 cents a share from 15 cents. The new dividend is payable on July 9th to shareholders of record on June 21st. Dr. Pepper Snapple declared its first dividend in November 2009.

    About: Dr. Pepper Snapple Group (NSYE: DPS),Dr. Pepper Snapple, Coca-Cola (NYSE: KO), PepsiCo (NYSE: PEP)
    Bookmark and Share

    The new dividend would give the stock a yield of 2.62% based on Wednesday's closing price. That yield would still have Dr. Pepper Snapper trailing rivals Coca-Cola (NYSE: KO) and PepsiCo (NYSE: PEP), but both of those companies also raised their payouts earlier and the Dr. Pepper increase trumps both, at least on a percentage basis.

    When the company reported earnings earlier this month, it said that it has $755 million available to return to shareholders this year. Analysts said Dr. Pepper Snapple is positioned to take market share in the U.S. from rivals this year.

    Disclosure: no positions
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