Beverage maker Dr Pepper Snapple (NYSE:KDP) announced yesterday its second-quarter dividend of $0.38 per share, the same rate it's paid last quarter after it increased it 12%, from $0.34 per share.

The board of directors said the quarterly dividend is payable on July 5 to the holders of record at the close of business on June 17. Dr Pepper has increased its annual dividend since 2009.

The regular dividend payment equates to a $1.52-per-share annual dividend yielding 3.1%, based on the closing price of Dr Pepper Snapple's stock on May 15.

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