Reynolds Consumer Products Declares Quarterly Cash Dividend

Rhea-AI Summary

Reynolds Consumer Products Inc. announced a quarterly cash dividend of $0.23 per common share, approved by the Board of Directors on January 27, 2022. This dividend will be paid on February 28, 2022, to shareholders of record as of February 14, 2022. Reynolds operates in three categories: cooking products, waste & storage, and disposable tableware, holding a leading market position in 96% of U.S. households. Their products are predominantly sold under the Reynolds and Hefty brands, emphasizing their significant market share.

Positive

• Quarterly cash dividend of $0.23 per share reflects company confidence.
• Dividend payment demonstrates commitment to returning value to shareholders.
• Strong market presence with products in 96% of U.S. households.

Negative

• None.

LAKE FOREST, Ill.--(BUSINESS WIRE)-- Reynolds Consumer Products Inc. (“Reynolds” or the “Company”), announced that on January 27, 2022, its Board of Directors approved a quarterly cash dividend of $0.23 per common share. The Company expects to pay this dividend on February 28, 2022 to shareholders of record as of February 14, 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 96% 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/20220128005401/en/

Investors

Mark Swartzberg

Mark.Swartzberg@reynoldsbrands.com

(847) 482-4081

Media

Kate Ottavio Kent

Kate.OttavioKent@icrinc.com

(203) 682-8276

Source: Reynolds Consumer Products Inc.

FAQ

What is the dividend amount announced by REYN?

The dividend amount announced by Reynolds Consumer Products Inc. is $0.23 per common share.

When will the dividend for REYN be paid?

The dividend will be paid on February 28, 2022.

Who are eligible for the REYN dividend payment?

Shareholders of record as of February 14, 2022, are eligible for the dividend payment.

How often does REYN pay dividends?

Reynolds Consumer Products Inc. pays dividends quarterly.

What is the significance of the dividend announced by REYN?

The dividend reflects the company's confidence in its financial stability and commitment to providing shareholder returns.