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Jump to full article: Reynolds American (RAI), 2009-10-06
Intro: 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.”
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