Reynolds declares quarterly dividend

Reynolds American Inc.’s board of directors has declared a quarterly cash dividend on the company’s common stock of $0.67 per share ($2.68 per share annualized).

The dividend is payable on April 1 to shareholders of record as of March 10.

Reynolds reported that this was the 43rd 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,’ the company said in a note posted on its website.