Beverage maker Dr Pepper Snapple Group (NYSE:KDP) announced today its third-quarter dividend of $0.38 per share, the same rate it's paid for the past two quarters after raising the payout 12% from $0.34 per share.

The board of directors said the quarterly dividend is payable on October 4 to holders of record at the close of business on September 16. The regular dividend payment equates to a $1.52-per-share annual dividend, yielding 3.2% based on the closing price today of Dr Pepper Snapple Group's stock.

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