Reynolds American Raises Quarterly Dividend to 59 Cents Per Share

Reynolds American ($RAI) announced that it’s raising its quarterly dividend from 56 cents to 59 cents per share. Going by today’s closing price of $40.56, the annual dividend of $2.36 yields 5.82%. That’s the equivalent of 770 Dow points.

Reynolds raised its dividend twice last year. First it went from 49 cents to 53 cents. Then it was raised to 56 cents.

Posted by Eddy Elfenbein on May 3rd, 2012 at 4:11 pm

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