Snapple 2009 Annual Report Download - page 40

As of February 19, 2010, there were approximately 30,000 stockholders of record of our common stock. This
figure does not include a substantially greater number of “street name” holders or beneficial holders of our common
stock, whose shares are held of record by banks, brokers, and other financial institutions.
The information under the principal heading “Equity Compensation Plan Information” in our definitive Proxy
Statement for the Annual Meeting of Stockholders to be held on May 20, 2010, to be filed with the Securities and
Exchange Commission, is incorporated herein by reference.
During the fiscal years ended December 31, 2009 and 2008, we did not sell any equity securities that were not
registered under the Securities Act of 1933, as amended.
Dividend Policy
During the fourth quarter of the year ended December 31, 2009 we declared a cash dividend of $.15 per share,
which was paid on January 8, 2010. Prior to that declaration, we had not paid a cash dividend on our common stock
since our demerger on May 7, 2008. In February, 2010, our board has declared a cash dividend of $.15 per share to
be payable on April 8, 2010 to stockholders of record on March 22, 2010.
Even though we have recently declared two separate cash dividends, our Board of Directors (the “Board”) has
not adopted a formal dividend policy under which we might pay regular periodic dividends to our stockholders.
Nonetheless, we expect to return our excess cash flow to our stockholders, from time to time through our common
stock repurchase program described below or the payment of dividends. However, there can be no assurance that
share repurchases will occur or future dividends will be declared or paid. The share repurchase programs and
declaration and payment of future dividends, the amount of any such share repurchases or dividends, and the
establishment of record and payment dates for dividends, if any, is subject to final determination by our Board after
its review of the then current strategy and financial performance and position, among other things.
Common Stock Repurchases
On November 20, 2009, the Board authorized the repurchase of up to $200 million of the Company’s
outstanding common stock over the next three years.
Subsequent to the Board’s authorization, we did not repurchase any of our own common stock during the
remainder of 2009.
Subsequent to December 31, 2009, the Board authorized the repurchase of an additional $800 million of the
Company’s outstanding common stock, for a total of $1 billion authorized.
Comparison of Total Stockholder Return
The following performance graph compares our cumulative total returns with the cumulative total returns of
the Standard & Poor’s 500 and a peer group index. The graph assumes that $100 was invested on May 7, 2008, the
day we became a publicly traded company on the New York Stock Exchange, with dividends reinvested.
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