The Board of Directors of UST Inc. (NYSE: UST) today declared a regular quarterly dividend of 63 cents per common share, payable March 31, 2008 to stockholders of record at the close of business March 14, 2008.
As previously announced, the new quarterly rate represents a five percent increase over the 2007 dividend rate.
The company has paid cash dividends without interruption since 1912.
UST Inc. is a holding company for its principal subsidiaries: U.S. Smokeless Tobacco Company and Ste. Michelle Wine Estates. U.S. Smokeless Tobacco Company is the leading producer and marketer of moist smokeless tobacco products including Copenhagen, Skoal, Red Seal and Husky. Ste. Michelle Wine Estates produces and markets premium wines sold nationally under more than 20 different labels including Chateau Ste. Michelle, Columbia Crest, Stag’s Leap Wine Cellars and Erath, as well as exclusively distributes and markets Antinori products in the United States.
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