US: Lorillard, Inc. Announces Quarterly Dividend on Common Stock

Source from:  PRNewswire 05/15/2013

Lorillard, Inc. (NYSE:  LO), the third largest manufacturer of cigarettes in the United States, announced today the declaration of a quarterly dividend on its common stock in the amount of $0.55 per share, payable on June 10, 2013 to stockholders of record as of May 31, 2013.

About Lorillard, Inc.

Lorillard, Inc. (NYSE:  LO), through its Lorillard Tobacco Company subsidiary, is the third largest manufacturer of cigarettes in the United States.  Founded in 1760, Lorillard is the oldest continuously operating tobacco company in the U.S.  Newport, Lorillard's flagship premium cigarette brand, is the top selling menthol and second largest selling cigarette in the U.S. 

In addition to Newport, the Lorillard product line has four additional cigarette brand families marketed under the Kent, True, Maverick and Old Gold brand names. These five brands include 41 different product offerings which vary in price, taste, flavor, length and packaging.  Lorillard, through its LOEC, Inc. subsidiary, is also the leading electronic cigarette company in the U.S, marketed under the blu eCigs brand.  Newport, Kent, True, Maverick, Old Gold and blu eCigs are the registered trademarks of Lorillard and its subsidiaries.  Lorillard maintains its headquarters and manufactures all of its traditional cigarette products in Greensboro, North Carolina.