Dr Pepper Snapple Group announces quarterly dividend
PLANO, Texas Dr Pepper Snapple Group announced that its board of directors has approved its first-ever dividend. The board declared the 15 cents per share quarterly dividend on the company’s common stock payable on Jan. 8, 2010, to shareholders of record on Dec. 21, 2009. The ex-dividend date is Dec. 17, 2009.
The board also authorized the repurchase of up to $200 million of the company’s outstanding common stock over the next three years.
“As we approach our target capital structure, we believe the time is right to initiate a cash return program to our shareholders,” said Larry Young, DPS president and CEO. “[Today’s] actions reflect our confidence in our continuing ability to generate strong cash flow and our intent to deploy it in shareholder-friendly ways.”
Reports: Hershey, Ferrero eye to split Cadbury
LONDON As rumors swirl around a possible bid by Hershey and Ferrero for London-based confectioner Cadbury, sources also are reporting that the wooers, upon acquisition, might break up the company.
Italian chocolate maker Ferrero and U.S.-based Hershey said on Wednesday they were reviewing a possible offer for Cadbury, shortly after a bid by Kraft for the company was rejected.
According to Reuters, a source close to Ferrero on Friday said the company “was still evaluating all options concerning Cadbury.”
On Friday, Cadbury stocks increased 0.6%.
Wet Ones seeks to keep families healthy during flu season
SHELTON, Conn. To encourage clean hands during flu season, the Wet Ones brand is asking moms nationwide to visit www.WetOnes.com to take a pledge to help stop the spread of germs for their families and for their community.
Starting Friday, the first 100,000 pledges at www.WetOnes.com will generate a donation of one Wet Ones antibacterial wipes travel pack to the Kids In Need Foundation, a national organization dedicated to providing school supplies to children in most need. Consumers who take the pledge will also receive a downloadable coupon redeemable for $1.50 off a Wet Ones product purchase and access to valuable information about how to help keep families healthy, including a downloadable flu prevention plan developed by pediatrician and child care author William Sears, M.D.
“It’s no secret that this flu season is especially severe, for everyone ranging from young children to prenatal mothers to others,” said Sears. “The good news is that families can do things as simple as keeping their hands clean to protect themselves against getting sick, and to help them, I’ve created a Flu Prevention Plan with easy-to-follow tips to help protect against illness.”