RAI Announces Increased Dividend

Source from:  Tobacco Reporter 05/07/2012

Reynolds American Inc's board of directors yesterday approved an increase of 5.4 per cent in the quarterly cash dividend on the company's common stock, taking it from $0.56 per share ($2.24 per share annualized) to $0.59 per share ($2.36 per share annualized). The dividend will be payable on July 2 to shareholders of record on June 11. "This increase further demonstrates our commitment to returning shareholder value, and is in line with the company's policy of returning about 80 per cent of net income to shareholders in the form of dividends," said Thomas R. Adams, CFO of RAI. RAI said that the latest dividend was the 32nd consecutive quarterly cash dividend and the ninth dividend increase that the company had declared since it became a public company on July 30, 2004. Enditem