WASHINGTON (dpa-AFX) - Reynolds American Inc. (RAI) announced that its board of directors approved an increase of 5.4 percent in the quarterly cash dividend on the company's common stock to $0.59 per share ($2.36 per share annualized) from $0.56 per share ($2.24 per share annualized). The dividend will be payable on July 2, 2012, to shareholders of record on June 11, 2012.
In addition, RAI announced that at their annual meeting today, shareholders: Re-elected six directors; Approved, on an advisory basis, the compensation of named executive officers; Approved an amendment to RAI's Articles of Incorporation implementing a majority voting standard in uncontested director elections;Ratified the appointment of KPMG LLP as independent auditors for RAI's 2012 fiscal year; and Defeated the sole shareholder proposal.
The company saud that its shareholders re-elected Thomas Wajnert, John Daly, Holly Koeppel, H.G.L. Powell and Richard Thornburgh as Class II directors with terms that expire in 2015. Also re-elected was Richard Kahler as a Class I director with a term that expires in 2014.
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