Reynolds American Inc. (RAI) said Thursday that its board of directors approved an increase of 6.8% in the quarterly cash dividend on the company's common stock to $0.63 per share from $0.59 per share.
The dividend will be payable on July 1 to shareholders of record on June 10.
The company also said that at their annual meeting, its shareholders re-elected four directors, approved, on an advisory basis, the compensation of named executive officers, ratified the appointment of KPMG LLP as the company's independent auditors for the fiscal year 2013 and defeated the sole shareholder proposal.
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