Reynolds American lifts dividend by 5.9%
NEW YORK (MarketWatch) -- Reynolds American Inc. said Tuesday that it was raising its quarterly dividend by 5.9% to 90 cents a share from 85 cents a share. The dividend is payable on Jan. 4, 2010, to shareholders of record on Dec. 10, 2009. "I am very pleased to announce this dividend increase, which reflects the continued strength of our business," said the tobacco company's Chief Executive Susan Ivey.
This takes my position in RAI from a yield of 7.6% to 8.05%. Not bad at all considering how things have been going in general on Wall Street over the last few years. Then again, tobacco is a pretty decent bet in a bad market. It's a pretty decent bet in a good market, too.
1 comments:
congratulations!
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