Reynolds Consumer Products Declares Quarterly Cash Dividend

Rhea-AI Summary

Reynolds Consumer Products Inc. (REYN) announced a quarterly cash dividend of $0.23 per common share, approved by its Board of Directors on January 26, 2023. Shareholders on record by February 14, 2023 will receive the cash dividend on February 28, 2023. The company, known for brands like Reynolds Wrap® and Hefty®, holds a dominant market position in the household products sector, reaching 95% of U.S. households.

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• Quarterly cash dividend of $0.23 per share approved, reflecting financial stability.

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• None.

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Reynolds Consumer Products Inc. (Nasdaq: REYN), announced that on January 26, 2023, its Board of Directors approved a quarterly cash dividend of $0.23 per common share. Shareholders of record on February 14, 2023, will receive the cash dividend on February 28, 2023.

About Reynolds Consumer Products Inc.

Reynolds Consumer Products is a leading provider of household products that simplify daily life so consumers can enjoy what matters most. With a presence in 95% of households across the United States, RCP produces and sells products that people use in their homes across three broad categories: cooking, waste and storage, and disposable tableware. RCP’s iconic products include Reynolds Wrap® aluminum foil, Hefty® trash bags, and adjacent product lines that make family life easier. RCP also produces dedicated store brands which are strategically important to retail customers. Overall, RCP holds the No. 1 or No. 2 U.S. market share position in the majority of product categories it serves. For more information, visit https://investors.ReynoldsConsumerProducts.com.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20230127005077/en/

Investor Contact

Mark Swartzberg

Mark.Swartzberg@reynoldsbrands.com

(847) 482-4081

Media Contact

Jessica Liddell

ReynoldsPR@icrinc.com

(203) 682-8200

Source: Reynolds Consumer Products Inc.

FAQ

What is the dividend amount announced by Reynolds Consumer Products Inc.?

Reynolds Consumer Products Inc. announced a dividend amount of $0.23 per share.

When will Reynolds Consumer Products Inc. pay the dividend?

The dividend will be paid on February 28, 2023.

What is the record date for the dividend from Reynolds Consumer Products Inc.?

The record date for the dividend is February 14, 2023.

How does the dividend reflect on Reynolds Consumer Products Inc.'s financial health?

The declaration of a dividend indicates confidence in the company's ongoing profitability and financial stability.