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RAI 2011-04
Reynolds American board declares 8.2 percent dividend
increase
WINSTON-SALEM, N.C. - Feb. 16, 2011 - The board of directors of
Reynolds American Inc.
(NYSE: RAI) today announced an 8.2 percent increase in the
quarterly cash dividend on the
company's common stock to $0.53 per share from $0.49 per share.
This action increases the
annual dividend rate to $2.12 per share from $1.96 per share,
bringing it in line with the 80
percent dividend payout target that the company announced in
December.
"RAI continues to seek ways to enhance value for our
shareholders," said Daniel M. Delen,
RAI's president and CEO-elect. "This increase aligns the
dividend with the company's
recently increased payout target, and demonstrates the company's
commitment to returning
value to shareholders."
The dividend will be payable on April 1, 2011, to shareholders
of record on March 10, 2011.
This will be the 27th consecutive quarterly dividend paid to
shareholders since the company
became publicly traded in 2004, and the seventh dividend
increase.
Web Disclosure
RAI's website, www.ReynoldsAmerican.com, is the primary source
of publicly disclosed news about RAI and its
operating companies. We use the website as our primary means of
distributing quarterly earnings and other
company news. We encourage investors and others to register at
www.ReynoldsAmerican.com to receive
alerts when news about the company has been posted.
ABOUT US
Reynolds American Inc. (NYSE: RAI) is the parent company of R.J.
Reynolds Tobacco Company; American
Snuff Company, LLC; Santa Fe Natural Tobacco Company, Inc.; and
Niconovum AB.
R.J. Reynolds Tobacco Company is the second-largest U.S.
tobacco company. The company's brands
include six of the 10 best-selling cigarettes in the United
States: Camel, Pall Mall, Winston, Kool, Doral
and Salem.
American Snuff Company, LLC is the nation's second-largest
manufacturer of smokeless tobacco
products. Its leading brands are Kodiak, Grizzly and Levi
Garrett.
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.
Niconovum AB markets innovative nicotine replacement therapy
products in Sweden and Denmark under
the Zonnic brand name.
Copies of RAI's news releases, annual reports, SEC filings and
other financial materials are available at
www.ReynoldsAmerican.com.