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Reynolds American Boosts Dividend; Now Yields 5.8% (RAI)

By Dividend.com,  May 03, 2012, 04:46:16 PM EDT

Tobacco giant Reynolds American, Inc. ( RAI ) late Thursday said its board of directors approved a 5.4% raise to its quarterly dividend payout.

The Winston-Salem, NC-based company declared a new dividend of 59 cents per share, up from a prior payout of 56 cents. The latest dividend will be paid on July 2, 2012, to shareholders of record as of June 11, 2012. The ex-dividend date is June 7, 2012.

Reynolds American shares closed slightly lower in Thursday trading.

The Bottom Line
Shares of Reynolds American ( RAI ) have a 5.82% dividend yield, based on the higher dividend payout and today's closing stock price of $40.54. The stock has technical support in the $38 price area. The shares are trading just off all-time highs.

Reynolds American, Inc. ( RAI ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Stocks

Referenced Stocks: RAI



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