Reynolds American Board Boosts Dividend
October 06 2009 - 8:30AM
PR Newswire (US)
WINSTON-SALEM, N.C., Oct. 6 /PRNewswire-FirstCall/ -- The board of
directors of Reynolds American Inc. (NYSE:RAI) today announced a
5.9 percent increase ($0.05 per share) in the company's quarterly
cash dividend. The new quarterly dividend on the company's common
stock is $0.90 per share ($3.60 per share annualized). The board
declared the dividend payable on Jan. 4, 2010, to shareholders of
record on Dec. 10, 2009. "I am very pleased to announce this
dividend increase, which reflects the continued strength of our
business," said Susan M. Ivey, RAI's chairman, president and chief
executive officer. "The increase reaffirms our commitment to
shareholders and maintains our policy of returning about 75 percent
of the company's net income to our shareholders in the form of
dividends." This is the 22nd consecutive quarterly cash dividend
that Reynolds American has declared since it became a public
company on July 30, 2004. Web Disclosure Starting Jan. 1, 2010,
RAI's Web site, http://www.reynoldsamerican.com/, will be the
primary source of publicly disclosed news about RAI and its
operating companies. In this way, RAI will comply with its
disclosure obligations under SEC Regulation FD. Those wishing to
stay on top of company news should sign up for e-mail alerts by
going to Shareholder Tools in the Web site's Investors Section.
ABOUT US Reynolds American Inc. (NYSE:RAI) is the parent company of
R.J. Reynolds Tobacco Company, Conwood Company, LLC and Santa Fe
Natural Tobacco Company, 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, Pall Mall, Kool, 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. Copies of RAI's news releases, annual
reports, SEC filings and other financial materials, including risk
factors concerning forward-looking statements, are available at
http://www.reynoldsamerican.com/. DATASOURCE: Reynolds American
Inc. CONTACT: Investor Relations, Morris Moore, +1-336-741-3116; or
Media, Jane Seccombe, +1-336-741-5068, both of Reynolds American
Inc. Web Site: http://www.reynoldsamerican.com/
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