Dr Pepper Snapple Group has confirmed details of its latest dividend payment.

The US-based soft drinks company said late yesterday (8 January) that it will pay US$0.34 per share on its common stock. The payment, which is a 6.3% increase in the dividend rate, will be made on 6 April to shareholders of record on 19 March.

DPSG's preseident & CEO, Larry Young, said: “Today’s action reflects our strong commitment to return excess cash to our shareholders.”

The company is set to release its Q4 and full-year results on Wednesday (15 January).