Reynolds declares dividend

Reynolds American Inc.’s board of directors has declared a quarterly cash dividend on the company’s common stock of $0.63 per share ($2.52 per share annualized).

The dividend will be payable on Oct. 1 to shareholders of record on Sept. 10.

In announcing the dividend, RAI said it was the 37th consecutive quarterly cash dividend that it had declared since it became a public company on July 30, 2004.

RAI’s policy is to return about 80 percent of the company’s current-year net income to shareholders in the form of dividends.