Reynolds American Announces Results of 2008 Shareholders' Meeting; Board Declares Quarterly Cash Dividend; Appoints New Lead Dir
May 06 2008 - 2:08PM
PR Newswire (US)
WINSTON-SALEM, N.C., May 6 /PRNewswire-FirstCall/ -- At their
annual meeting today, shareholders of Reynolds American Inc.
(NYSE:RAI) re-elected four directors; ratified the appointment of
KPMG LLP as independent auditors for RAI's 2008 fiscal year; and
defeated three shareholder proposals. At a meeting later in the
day, the company's board declared a quarterly dividend of $0.85 per
share and appointed a new lead director. Re-elected today as Class
I directors (with terms that expire in 2011) were: Betsy S. Atkins,
Nana Mensah and John J. Zillmer. Re-elected as a Class III director
(with a term expiring in 2010) was Lionel L. Nowell, III. The RAI
board of directors has 11 members who are divided into three
classes, serving staggered terms. At a board meeting following the
annual shareholders' meeting, the RAI board declared a quarterly
cash dividend on the company's common stock of $0.85 per share
($3.40 per share annualized). The dividend will be payable on July
1, 2008, to shareholders of record on June 10, 2008. This is the
16th consecutive quarterly cash dividend that Reynolds American has
declared since it became a publicly traded company on July 30,
2004. RAI's policy is to return about 75 percent of the company's
current-year net income to shareholders in the form of dividends.
Also during the board meeting, the RAI board appointed Thomas C.
Wajnert as lead director, replacing General John T. Chain Jr., who
has retired from the board. 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
is the second-largest U.S. tobacco company. The company's brands
include five of the 10 best-selling cigarettes in the United
States: Camel, Kool, Pall Mall, Winston 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, and manages and markets other
super-premium brands. - R.J. Reynolds Global Products, Inc.,
directly or through others, manufactures, sells and/or distributes
American-blend cigarettes, including Natural American Spirit, and
other tobacco products to a variety of customers in selected
markets outside the United States. 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/
Copyright
Reynolds (NYSE:RAI)
Historical Stock Chart
From Jun 2024 to Jul 2024
Reynolds (NYSE:RAI)
Historical Stock Chart
From Jul 2023 to Jul 2024