Dr Pepper Snapple Group Inc. (NYSE:DPS) announced a quarterly dividend on Thursday, November 16th, RTT News reports. Stockholders of record on Thursday, December 14th will be paid a dividend of 0.58 per share on Thursday, January 4th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date is Wednesday, December 13th.
Dr Pepper Snapple Group has raised its dividend by an average of 11.8% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Dr Pepper Snapple Group has a payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Dr Pepper Snapple Group to earn $4.87 per share next year, which means the company should continue to be able to cover its $2.32 annual dividend with an expected future payout ratio of 47.6%.
Shares of Dr Pepper Snapple Group (NYSE DPS) opened at $94.52 on Tuesday. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.74 and a current ratio of 0.93. The stock has a market cap of $16,997.98, a PE ratio of 21.40, a PEG ratio of 2.37 and a beta of 0.59. Dr Pepper Snapple Group has a 1-year low of $83.23 and a 1-year high of $99.47.
A number of equities analysts recently issued reports on the stock. BidaskClub raised shares of Dr Pepper Snapple Group from a “sell” rating to a “hold” rating in a report on Thursday, August 17th. BMO Capital Markets reissued a “buy” rating and issued a $105.00 price objective on shares of Dr Pepper Snapple Group in a report on Wednesday, September 6th. Macquarie assumed coverage on shares of Dr Pepper Snapple Group in a report on Friday, September 15th. They issued a “neutral” rating and a $95.00 price objective on the stock. Susquehanna Bancshares set a $89.00 price objective on shares of Dr Pepper Snapple Group and gave the stock a “hold” rating in a report on Wednesday, October 25th. Finally, Zacks Investment Research downgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “sell” rating in a report on Monday, October 16th. One analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Dr Pepper Snapple Group currently has an average rating of “Hold” and a consensus price target of $99.45.
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About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.
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