Dr Pepper Snapple to Buy Back an Additional $1 Billion in Shares (DPS)

By
A A A
Share |

Beverage giant Dr Pepper Snapple Group Inc. ( DPS ) on Tuesday said its board of directors has approved the repurchase of an additional $1 billion of the company's common stock over the next three years.

That brings the current total of authorized share buybacks to $2 billion, $1.45 billion or which remains outstanding.

DPS CEO Larry Young commented, "With a focus on organic growth, continued strong free cash flow generation and the expected license payment from The Coca-Cola Company, we remain committed to returning excess cash to our shareholders."

Dr Pepper Snapple shares were mostly flat in premarket trading Tuesday.

The Bottom Line
Shares of DPS have a dividend yield of 2.59%, based on last night's closing stock price of $38.58. The stock has technical support in the $33-$36 price area. The stock is currently trading just at all-time highs and has little overhead resistance. We are closely watching the shares for a potential return to our recommended list.

Dr Pepper Snapple Group Inc. ( DPS ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Created by Dividend.com


This article appears in: Investing , Stocks

Referenced Stocks: DPS

Dividend.com

Dividend.com

More from Dividend.com:

Related Videos

Cheap Ways to Sleep Better
Cheap Ways to Sleep Better          

Stocks

Referenced

100%

Most Active by Volume

105,679,298
  • $16.13 ▼ 0.19%
43,130,824
  • $101.32 ▲ 0.74%
24,108,376
  • $59.80 ▲ 7.34%
22,524,427
  • $26.15 ▼ 1.06%
22,194,114
  • $24.65 ▼ 0.96%
21,835,360
  • $99.05 ▲ 0.15%
20,872,575
  • $34.94 ▼ 0.60%
20,561,803
    $74.57 unch
As of 8/22/2014, 04:02 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com