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Thursday, 02/11/2016 4:37:17 PM

Thursday, February 11, 2016 4:37:17 PM

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PLANO, Texas, Feb. 11, 2016 /PRNewswire/ -- Dr Pepper Snapple Group, Inc. (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.
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