RAI declares quarterly dividend

Reynolds American’s board of directors yesterday declared a quarterly cash dividend on the company’s common stock of $0.67 per share ($2.68 per share annualized).

The dividend is payable on October 1 to shareholders of record on September 10.

In making the dividend announcement, RAI said that it was the 41st consecutive quarterly cash dividend that the company had declared since it became a public company on July 30, 2004.

‘RAI’s policy is to return about 80 per cent of the company’s current-year net income to shareholders in the form of dividends,’ the company said.