Dr. Pepper Snapple Group (NSYE: DPS),
is already raising its payout and in a big way
About: Dr. Pepper Snapple Group (NSYE: DPS),Dr. Pepper Snapple, Coca-Cola (NYSE: KO), PepsiCo (NYSE: PEP)
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