Shares of Reynolds American, Inc. (NYSE:RAI) ended Wednesday session in red amid volatile trading. The shares closed down -0.24 points or -0.51% at $47.21 with 4.40 million shares getting traded. Post opening the session at $47.46, the shares hit an intraday low of $47.04 and an intraday high of $47.65 and the price vacillated in this range throughout the day. The company has a market cap of $66.78 billion and the numbers of outstanding shares have been calculated to be 1.43 billion shares.
Reynolds American, Inc. (RAI) manufactures, and sells cigarettes and other tobacco products in the United States. It operates through RJR Tobacco, Santa Fe, and American Snuff segments. The RJR Tobacco segment offers cigarettes under the NEWPORT, CAMEL, PALL MALL, DORAL, MISTY, and CAPRI brands; and CAMEL Snus, a smoke-free tobacco product, as well as manages various licensed brands, including DUNHILL and STATE EXPRESS 555. The Santa Fe segment manufactures and markets cigarettes and other tobacco products under the NATURAL AMERICAN SPIRIT brand. The American Snuff segment provides smokeless tobacco products, such as moist snuff under GRIZZLY and KODIAK brand names. The company also manufactures and markets digital vapor cigarettes under the VUSE brand name; and markets nicotine replacement therapy products under the ZONNIC brand. It distributes its products primarily through direct wholesale deliveries from a local distribution center and public warehouses. Reynolds American Inc. was founded in 2004 and is headquartered in Winston-Salem, North Carolina.
Shares of Philip Morris International Inc. (NYSE:PM) ended Wednesday session in red amid volatile trading. The shares closed down -0.31 points or -0.31% at $98.62 with 4.13 million shares getting traded. Post opening the session at $99.17, the shares hit an intraday low of $98.28 and an intraday high of $9948 and the price vacillated in this range throughout the day. The company has a market cap of $150.39 billion and the numbers of outstanding shares have been calculated to be 1.55 billion shares.
On September 14, 2016 The Board of Directors of Philip Morris International Inc. (NYSE/Euronext Paris: PM) increased the company’s regular quarterly dividend by 2% to an annualized rate of $4.16 per share.
The new quarterly dividend of $1.04 per share, up from $1.02 per share, is payable on October 13, 2016, to stockholders of record as of September 28, 2016. The ex-dividend date is September 26, 2016. For more details on stock, dividends and other information, see www.pmi.com/investors.