Tobacco.org

Rothmans raises dividend after solid profit rise in 'challenging environment? 

Cigarette maker Rothmans Inc. (TSX:ROC) is stoking up its dividend - already one of the richest among Canadian corporations - after reporting rising summer-quarter sales and profits despite a "challenging operating environment."

Canada's only publicly traded tobacco company said Friday it is increasing its regular quarterly dividend to 35 cents per share from 30 cents.

The annualized payout of $1.40 represents a yield of 6.3 per cent at Thursday's closing price of $22.09, up from 5.4 per cent.

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