(Reuters) - CHICAGO, July 25 - Tobacco company Reynolds
American Inc. posted a 13.6 percent drop in quarterly
profit on Wednesday, falling short of expectations due to lower
U.S. cigarette shipments.
But Reynolds' shares rose more than 3 percent on Wednesday
after the maker of Camel cigarettes and Grizzly smokeless
tobacco raised its quarterly dividend 13.3 percent and said
acquisitions and share repurchases could be other actions it
might take with excess cash.
Read more at Reuters.com Bonds News
American Inc. posted a 13.6 percent drop in quarterly
profit on Wednesday, falling short of expectations due to lower
U.S. cigarette shipments.
But Reynolds' shares rose more than 3 percent on Wednesday
after the maker of Camel cigarettes and Grizzly smokeless
tobacco raised its quarterly dividend 13.3 percent and said
acquisitions and share repurchases could be other actions it
might take with excess cash.
Read more at Reuters.com Bonds News
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