Dr. Pepper Snapple
Dividend Yield: 3%
Dr Pepper Snapple (NYSE:DPS) is smaller than Pepsi and doesn’t have quite the product breadth, but it does toss out a dividend as sweet as Pepsi’s.
The company, which makes Sunkist, 7-Up and Dr Pepper-brand soft drinks, beat earnings estimates in the second quarter and also maintained its outlook, shrugging off the same problem of rising corn costs. While Dr Pepper’s sales growth in the past few years hasn’t been huge, it sure has been steady. Revenue has increased year-over-year for 10 consecutive quarters.
DPS is the newest of this group to the dividend-paying game, only initiating a dividend in late 2009 — but it has more than doubled its original 15-cent payout to a current 34 cents per share.
Also of note: Dr Pepper Snapple only operates in the U.S. right now — meaning there’s huge growth for potential should it ever choose to branch out.