Reynolds American Board Declares Quarterly Cash Dividend; Elects New Director
December 04 2008 - 5:26PM
PR Newswire (US)
WINSTON-SALEM, N.C., Dec. 4 /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 $0.85 per
share ($3.40 per share annualized). The dividend will be payable on
Jan. 2, 2009, to shareholders of record on Dec. 15, 2008. This is
the 18th 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 today's meeting, Nicandro Durante was elected to serve
on the RAI board as a designee of Brown & Williamson Holdings,
Inc. (B&W). Durante, the current chief operating officer of
British American Tobacco p.l.c. (BAT), succeeds Antonio Monteiro de
Castro, the recently retired chief operating officer of BAT, who
resigned from the board today. Through its B&W indirect
subsidiary, BAT is RAI's largest shareholder, with an ownership
interest of about 42 percent. With Durante succeeding Monteiro de
Castro, the RAI board will continue to have 13 members, including
five B&W designees. 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
for Reynolds American Inc. Web site:
http://www.reynoldsamerican.com/
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