Dividend Changes: RLI Corp., Reynolds American, Parkway Properties
RLI Corp. (NYSE:RLI) board of directors has declared a second quarter cash dividend of 32c per share, a 2c increase over the prior quarter. The dividend is payable on June 20 to shareholders of record as of May 31.
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Reynolds American Inc. (NYSE:RAI) announced that its board of directors approved an increase of 5.4% in the quarterly cash dividend on the company’s common stock to 59c per share ($2.36 per share annualized) from 56c per share ($2.24 per share annualized). The dividend will be payable on July 2, to shareholders of record on June 11.
Parkway Properties Inc. (NYSE:PKY): After evaluating the earnings impact resulting from the Company’s recent acquisition and disposition activity, the Company’s first quarter financial results, and the pending purchase of Hearst Tower, the Board of Directors currently anticipates effecting a 33% increase in the common stock dividend, which would result in an annual dividend amount of 40c per share, assuming the completion of the pending TPG and Hearst Tower transactions and subject to formal approval by the Board at that time.
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