Reynolds American (RAI) Raises Qtr Dividend 5.9%, 7.8% Yield

October 6, 2009 10:06 AM EDT

This morning, Reynolds American Inc. (NYSE: RAI) announced a 5.9% increase in the company's quarterly cash dividend.

The new quarterly dividend on the company's common stock is $0.90 per share or $3.60 per share annualized. The prior quarterly dividend was $0.85.

The board declared the dividend payable on Jan. 4, 2010, to shareholders of record on Dec. 10, 2009. The ex-dividend date is Dec. 8.

The dividend yield on the new payout is 7.8%.


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