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Friday, 02/06/2015 1:21:47 PM

Friday, February 06, 2015 1:21:47 PM

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LOS ANGELES (MarketWatch) -- Dr. Pepper Snapple Group Inc. DPS, +1.09% on Thursday said it will pay a 48-cent dividend on common shares, up 17.1% from earlier dividends, to be paid April 7. Further, the Plano, Texas-based beverage maker said its board has approved the repurchase of an additional $1 billion in common shares. The share repurchase brings Dr. Pepper's total buyback authorization to $4 billion, $2.7 billion of which had been repurchased through the third quarter of 2014.

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