Lorillard Increases 2011 Dividend

Source from:  Tobacco Reporter 01/01/2011

Lorillard's board of directors has approved a 16 per cent increase in the quarterly dividend on its common stock from $1.125 per share to $1.300 per share. The dividend is payable on March 11 to stockholders of record as of March 1. Lorillard said that this represented the second increase in the company's dividend rate in the past six months and the third dividend increase since it became an independent publicly traded company in June 2008. Enditem