RAI quarterly dividend payable January 2

Reynolds American Inc’s board of directors has declared a quarterly dividend on the company’s common stock of $0.59 per share ($2.36 per share annualized).

The dividend is payable on January 2 to shareholders of record on December 10.

RAI said that this was the 34th consecutive quarterly cash dividend that it had declared since it became a public company on July 30, 2004.

RAI’s stated policy is to return about 80 per cent of its current-year net income to shareholders in the form of dividends.