Reynolds American Board boosts dividend by more than 13 percent
Reynolds American Board boosts dividend by more than 13 percent
WINSTON-SALEM, N.C. – July 25, 2007 – Reynolds American Inc. (NYSE: RAI) announced
a 13.3 percent increase in the company’s quarterly cash dividend.
The new quarterly dividend is $0.85 per common share, or $3.40 on an annualized basis. It
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will be payable on Oct. 1, 2007, to shareholders of record on Sept. 10, 2007. This is the 13
consecutive quarterly cash dividend that Reynolds American has declared since it became a
publicly traded company on July 30, 2004.
“The increase we’re announcing today keeps us in line with our policy of returning about 75
percent of our current-year net income to shareholders in the form of dividends,” said Susan
M. Ivey, RAI’s chairman, president and chief executive officer. “Our total shareholder return
since RAI began trading as a public company three years ago exceeds 100 percent, far
outpacing the return of the overall S&P 500.”
ABOUT US
Reynolds American Inc. (NYSE: RAI) is the parent company of R.J. Reynolds Tobacco Company;
Conwood Company, LLC; Santa Fe Natural Tobacco Company, Inc; and R.J. Reynolds Global
Products, Inc.
R.J. Reynolds Tobacco Company, the second-largest U.S. tobacco company, manufactures
about one of every three cigarettes sold in the country. The company’s brands include six of
the 10 best-selling U.S. brands: Camel, Kool, Pall Mall, Winston, Salem 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.
R.J. Reynolds Global Products, Inc. manufactures, sells and distributes American-blend
cigarettes and other tobacco products to a variety of customers worldwide.
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