Dr Pepper Snapple Group, Inc. announced that its Board of Directors declared a quarterly dividend of $0.38 per share on the company's common stock. The dividend is payable on July 5, 2013, to shareholders of record on June 17, 2013.

Dr Pepper Snapple Group, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net sales of $1,380 million compared to net sales of $1,362 million for the same period a year ago. Income from operations was $197 million compared to $192 million last year. Income before provision for income taxes and equity in earnings of unconsolidated subsidiaries was $166 million compared to $163 million last year. Net income was $106 million or $0.51 per diluted share compared to $102 million or $0.48 per basic and diluted share last year. Net cash provided by operating activities was $60 million compared to net cash used in operating activities of $325 million last year. Purchase of property, plant and equipment was $29 million compared to $51 million last year. Purchase of intangible assets was $5 million compared to $6 million last year. Free cash flow was $31 million compared to $132 million last year. Core net sales were $1,380 million compared to $1,362 million last year. Core income from operations was $204 million compared to $186 million last year. Core income before provision for income taxes and equity in earnings of unconsolidated subsidiaries was $173 million compared to $157 million last year. Core net income was $110 million or $0.53 per diluted share compared to $98 million or $0.46 per diluted share last year. Capital spending was $29 million. Core EPS was $0.53 for the quarter versus $0.46 in the prior year, a 15% increase. The company continues to expect full year reported net sales growth of approximately 3% and diluted earnings per share to be in the $3.04 to $3.12 range, excluding the impact of commodity mark-to-market gains and losses. The company now expects its effective tax rate to be just under 37%. The company expects capital spending to be approximately 3.5% of net sales. Net interest expense will be around 4.4% on its $2.7 billion of debt.

Dr Pepper Snapple Group, Inc., Annual General Meeting, May 16, 2013., at 10:00 Central Standard Time.