Dr Pepper Snapple Group Inc. said Thursday its board of directors approved a dividend of 53 cents a share, a 10.4% increase in the dividend rate. The dividend is payable on April 5 to shareholders on the books as of March 15. The company also said its board authorized an additional $1 billion share buyback program, bringing the total to $5 billion in share repurchases. Shares of Dr Pepper Snapple rose 0.3% in late trading Thursday after ending the regular trading session down 0.4%.
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