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.

DPS Dividend Chart

DPS Dividend data by YCharts

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.