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DR PEPPER/SEVEN-UP CORPORATION DECLARES QUARTERLY DIVIDEND ON PREFERRED STOCK

 DR PEPPER/SEVEN-UP CORPORATION DECLARES QUARTERLY DIVIDEND
 ON PREFERRED STOCK
 DALLAS, Nov. 11 /PRNewswire/ -- The board of directors of Dr Pepper/Seven-Up Corporation today declared a dividend of $.34375 cents per share on the $1.375 senior exchangeable preferred stock, par value $.01 per share payable Nov. 30, 1992 to stockholders of record at the close of business Nov. 20, 1992.
 The Dr Pepper/Seven-Up Corporation senior exchangeable preferred stock is traded on the American Stock Exchange under the symbol DPC.Pr.
 On Oct. 28, 1992 Dr Pepper/Seven-Up Companies, Inc., the parent company to Dr Pepper/Seven-Up Corporation, successfully consummated its previously announced recapitalization plan. The plan included the public offering of $656,509,000 aggregate principal amount of its 11-1/2 percent senior subordinated discount notes and the merger of its two operating subsidiaries, Dr Pepper Company and The Seven-Up Company, into one operating subsidiary which was renamed Dr Pepper/Seven-Up Corporation. In addition to this merger, the objectives of the recapitalization plan were to reduce interest expense, redeem preferred stock and reduce associated dividend requirements.
 Dr Pepper/Seven-Up Corporation manufactures soft drink concentrates and syrups for Dr Pepper, 7Up, I.B.C. and Welch's brand soft drinks, as well as other brands, and markets soft drinks through licensed bottlers around the world.
 -0- 11/11/92
 /CONTACT: Jim Ball or Tom Bayer, both of Dr Pepper/Seven-Up Corporation, 214-360-7812 or 214-360-7817. CO: Dr Pepper/Seven-Up Corporation ST: Texas IN: FOD SU: DIV


TM -- NY090 -- 9894 11/11/92 17:03 EST
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Publication:PR Newswire
Date:Nov 11, 1992
Words:254
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