DividendNews - Lorillard (LO) Increases Quarterly Dividend 12.5% to $1.125; Yields 6%

Lorillard (LO) Increases Quarterly Dividend 12.5% to $1.125; Yields 6%

Published Aug 20, 2010 on StreetInsider

Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, announced today that its Board of Directors approved a 12.5% increase in the quarterly dividend on its common stock from $1.00 per share to $1.125 per share, $4.50 annualized. The dividend is payable on September 10, 2010 to stockholders of record as of September 1, 2010. The ex-dividend date is August 30, 2010. Yield on the dividend is 6%.... Read more

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