Reynolds American Declares Dividend April 2

Source from:  Tobacco Reporter 02/06/2012

Reynolds American Inc's board of directors yesterday declared a quarterly dividend of $0.56 per share ($2.24 per share annualized) on its common stock. The dividend will be payable on April 2 to shareholders of record on March 9. RAI said that the dividend represented the 31st consecutive quarterly cash dividend the company had declared since it became a public company on July 30, 2004. 'RAI's policy is to return about 80 per cent of the company's current-year net income to shareholders in the form of dividends,' the company said in a press note. 'RAI increased its dividend twice in 2011, bringing the total dividend increase to 14.3 per cent for the year.' Enditem