WINSTON-SALEM, N.C. — Reynolds American Inc.

WINSTON-SALEM, N.C. — Reynolds American Inc., the nation's No. 2 cigarette maker, said Wednesday its board approved a 2-for-1 stock split and increased the company's quarterly cash dividend by 20 percent.
Shareholders of record on July 31 will receive one additional share of common stock for each share that they own. The shares will be issued Aug. 14.
After the split, there will be about 295 million shares outstanding.
The quarterly cash dividend, on a split-adjusted basis, is 75 cents per common share and amounts to $3 per share on an annualized basis. The quarterly dividend will be payable on Oct. 2 to shareholders of record on Sept. 11.
Reynolds American Inc. is the parent company of several tobacco companies and its brands include Camel, Kool, Winston, Salem and Doral. Reynolds shares closed at $120.32, down 5 cents, on the New York Stock Exchange.
July 19, 2006, 3:18PM