Reynolds Consumer Products Declares Quarterly Cash Dividend

Rhea-AI Summary

Reynolds Consumer Products Inc. (Nasdaq: REYN) has announced a quarterly cash dividend of $0.23 per common share, set to be paid on May 27, 2021, to shareholders on record as of May 13, 2021. The company serves 95% of U.S. households, selling products across three categories: cooking, waste & storage, and tableware under well-known brands like Reynolds and Hefty. It holds a leading market share in most of its product categories, reinforcing its strong position in the consumer goods market.

Positive

• Quarterly cash dividend of $0.23 per share enhances shareholder income.
• Strong market presence in 95% of U.S. households indicates robust consumer demand.
• Market leader in key product categories bolsters investor confidence.

Negative

• None.

Reynolds Consumer Products Inc. (Nasdaq: REYN) (“Reynolds” or the “Company”), today announced that its Board of Directors has approved a quarterly cash dividend of $0.23 per common share. The Company expects to pay this dividend on May 27, 2021 to shareholders of record as of May 13, 2021.

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 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.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20210430005130/en/

FAQ

What is the dividend amount announced by Reynolds Consumer Products?

Reynolds Consumer Products has announced a quarterly cash dividend of $0.23 per common share.

When will Reynolds Consumer Products pay the dividend?

The dividend will be paid on May 27, 2021, to shareholders of record as of May 13, 2021.

How frequently does Reynolds Consumer Products pay dividends?

Reynolds Consumer Products pays dividends quarterly.

Is the dividend from Reynolds Consumer Products sustainable?

The sustainability of the dividend can depend on the company's ongoing performance and market conditions.