Reynolds American Declares Quarterly Dividend; Authorizes Share Repurchase
February 06 2007 - 3:23PM
PR Newswire (US)
WINSTON-SALEM, N.C., Feb. 6 /PRNewswire-FirstCall/ -- The board of
directors of Reynolds American Inc. (NYSE:RAI) today declared a
quarterly cash dividend on the company's common stock of $0.75 per
share, or $3 per share on an annualized basis. The dividend will be
payable on April 2, 2007, to shareholders of record on March 15,
2007. This is the 11th consecutive quarterly cash dividend that
Reynolds American has declared since it became a publicly traded
company on July 30, 2004. At its meeting, the board also authorized
the repurchase by RAI of up to $75 million in outstanding shares of
common stock to offset dilution from restricted stock grants under
employee incentive programs and the exercise of previously granted
options. About Us Reynolds American Inc. (NYSE:RAI) is the parent
company of R.J. Reynolds Tobacco Company; Conwood Company, LLC;
Santa Fe Natural Tobacco Company, Inc; and R.J. Reynolds Global
Products, Inc. - R.J. Reynolds Tobacco Company, the second-largest
U.S. tobacco company, manufactures about one of every three
cigarettes sold in the country. The company's brands include five
of the 10 best-selling U.S. brands: Camel, Kool, Winston, Salem and
Doral. - Conwood Company, LLC is the nation's second-largest
manufacturer of smokeless tobacco products. Its leading brands are
Kodiak, Grizzly and Levi Garrett. Conwood also sells and
distributes a variety of tobacco products manufactured by Lane,
Limited, including Winchester and Captain Black little cigars, and
Bugler roll-your-own tobacco. - Santa Fe Natural Tobacco Company,
Inc. manufactures Natural American Spirit cigarettes and other
additive-free tobacco products. - R.J. Reynolds Global Products,
Inc. manufactures, sells and distributes American-blend cigarettes
and other tobacco products to a variety of customers worldwide.
Copies of RAI's news releases, annual reports, SEC filings and
other financial materials are available at
http://www.reynoldsamerican.com/. DATASOURCE: Reynolds American
Inc. CONTACT: Investor Relations, Morris Moore, +1-336-741-3116, or
Media, Seth Moskowitz, +1-336-741-7698, both of Reynolds American
Inc. Web site: http://www.reynoldsamerican.com/
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