Shares of Dr Pepper Snapple Group, Inc. (DPS) will begin trading ex-dividend on Friday, Dec. 9. To qualify for a dividend check, investors must have owned Dr Pepper shares prior to Friday, which is the day the company's management will finalize its roster of shareholders to whom it will mail payments. 

Dr Pepper stock closed Thursday at $87.73, down 0.93%. The shares have declined 5.87% year to date, including 5.66% declines over the past three months. This compares with a 9.90% year-to-date rise in the S&P 500 (SPX) index. Dr Pepper stock has declined 5.06% over the past 12 months, while the S&P 500 has risen 8.52%. (See also: Soda Problems Go Beyond Soda Taxes.)

In its third quarter earnings results, reported in October, the Plano, Texas-based company beat Wall Street estimates on both revenue and adjusted earnings per share. The company reported adjusted earnings of $1.17 per share, which beat analysts' projections by 6 cents, while third quarter revenue of $1.68 billion grew 3% year over year, topping Wall Street estimates by $30 million.

Looking ahead, for the quarter ending December, Dr Pepper is expected to deliver earnings of $1.06 per share, up from $1.00 per share a year ago, on revenue of $1.57 billion, up 1.9% year over year. For the full year, ending December, earnings are projected to climb 10% year over year to $4.42 per share, while revenue of $6.43 billion would mark a 2.40% rise from the prior year. (See also: Report: Dr Pepper Snapple in Talks to Buy Bai.)

Based on Thursday's closing price of $87.73, Dr Pepper's 53-cent per share quarterly dividend yields 2.47% annually, or about 47 basis points above the 2.00% average yield of the S&P 500 index. Dr Pepper will send its dividend payment on Jan. 5, 2017, to shareholders of record as of Dec. 13. The stock has a consensus Hold rating and an average analyst 12-month price target of $94, implying a 7% rise from current levels.

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