The Traderszone Network

Published in TZ Latest News 26 February, 2015 by The TZ Newswire Staff

Cigarette Maker Lorillard Keeps Raising Its Dividend

It’s nice to get a dividend from a stock you own. But it’s even better to own shares in a company that keeps raising its dividend. Lorillard (LO), the third-biggest cigarette maker in the U.S., recently extended its streak of dividend hikes. Last week, the company raised its quarterly dividend by 7% to 66 cents a share — its seventh dividend increase since becoming a separate, publicly traded company in 2008.

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