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 April 28, 2022. This dividend is scheduled for payment on May 31, 2022, to shareholders recorded as of May 17, 2022. Reynolds is a leading consumer products company, present in 95% of U.S. households, holding a strong market share in cooking, waste, and disposable tableware categories.

Positive

• Quarterly cash dividend of $0.23 per share enhances shareholder income.
• Company maintains #1 or #2 market share in most product categories.

Negative

• None.

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Reynolds Consumer Products Inc. (“Reynolds” or the “Company”), announced that on April 28, 2022, its Board of Directors approved a quarterly cash dividend of $0.23 per common share. The Company expects to pay this dividend on May 31, 2022 to shareholders of record as May 17, 2022.

About Reynolds Consumer Products Inc.

RCP’s mission is to simplify daily life so consumers can enjoy what matters most. RCP is a market-leading consumer products company with a presence in 95% of households across the United States. RCP produces and sells products across three broad categories: cooking products, waste & storage products and disposable tableware; that are sold under iconic brands such as Reynolds and Hefty, as well as under store brands that are strategically important to RCP’s customers. Overall, across both branded and store brand offerings, RCP holds the #1 or #2 U.S. market share position in the majority of product categories in which it participates.

REYN-F

View source version on businesswire.com: https://www.businesswire.com/news/home/20220428006264/en/

Investors

Mark Swartzberg

Mark.Swartzberg@reynoldsbrands.com

(847) 482-4081

Media

Hannah Wright

ReynoldsPR@icrinc.com

Source: Reynolds Consumer Products Inc.

FAQ

What is the dividend amount for REYN in 2022?

The dividend amount is $0.23 per common share.

When will the REYN dividend be paid?

The dividend will be paid on May 31, 2022.

Who is eligible for the REYN dividend?

Shareholders of record as of May 17, 2022, are eligible for the dividend.

What market share does Reynolds hold in the U.S.?

Reynolds holds the #1 or #2 market share position in the majority of product categories.