Reynolds American Increases Dividend 6.8%

Tobacco giant Reynolds American  (NYSE: RAI  ) is raising its quarterly dividend from $0.59 per share to $0.63 per share, a 6.8% increase, the company announced yesterday.

The quarterly dividend is payable on July 1 to shareholders of record at the close of business on June 10. Reynolds has made 36 consecutive quarterly dividend payments since going public in 2004 and this marks the 10th time it has raised the payout.

Reynolds American CFO Thomas R. Adams said: "This increase is in line with the company's policy of returning about 80% of net income to shareholders in the form of dividends, and underscores our commitment to returning value to shareholders."

The regular dividend payment equates to a $2.52-per-share annual dividend yielding 5.3% based on the closing price of Reynolds American's stock on May 9.

RAI Dividend Chart

RAI Dividend data by YCharts. Chart does not reflect latest dividend increase.

link


Read/Post Comments (0) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2423187, ~/Articles/ArticleHandler.aspx, 10/1/2014 12:18:04 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement