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welcome to the split. 39.11 was close to 42. Missed it by that much. Now it would be nice to see a slow steady climb. watching volume today
Lorillard Declares 3-for-1 Stock Split
GREENSBORO, N.C., Nov. 13, 2012 /PRNewswire/ -- Lorillard, Inc. (NYSE: LO), the third largest manufacturer of cigarettes in the United States, announced today that its Board of Directors has declared a three-for-one split of Lorillard common stock. The stock split will be effected in the form of a 200% stock dividend.
"Since becoming an independent publicly traded company in 2008, Lorillard has consistently grown its business and financial results, and those results have largely been reflected by a higher stock price," stated Murray S. Kessler, Chairman, President and Chief Executive Officer of Lorillard. "Today's announcement demonstrates the Board of Directors' continued confidence in the Company's brands and strategic direction, along with our ongoing commitment of creating value for Lorillard shareholders."
Lorillard shareholders of record at the close of business on December 14, 2012, will receive two additional shares of Lorillard stock for each share then owned. These additional shares will be distributed beginning January 15, 2013.
About Lorillard, Inc.
Lorillard, Inc. (NYSE: LO), through its Lorillard Tobacco Company subsidiary, is the third largest manufacturer of cigarettes in the United States. Founded in 1760, Lorillard is the oldest continuously operating tobacco company in the U.S. Newport, Lorillard's flagship premium cigarette brand, is the top selling menthol and second largest selling cigarette in the U.S. In addition to Newport, the Lorillard product line has four additional cigarette brand families marketed under the Kent, True, Maverick and Old Gold brand names. These five brands include 39 different product offerings which vary in price, taste, flavor, length and packaging. Lorillard, through its LOEC, Inc. subsidiary, is also the leading electronic cigarette company in the U.S, marketed under the blu eCigs brand. Newport, Kent, True, Maverick, Old Gold and blu eCigs are the registered trademarks of Lorillard and its subsidiaries. Lorillard maintains its headquarters and manufactures all of its traditional cigarette products in Greensboro, North Carolina.
Forward-Looking Statements
Certain statements made in this press release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, or the Reform Act. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words "expect," "intend," "plan," "anticipate," "estimate," "believe," "may," "will be," "will continue," "will likely result" and similar expressions. In addition, any statement that may be provided by management concerning future financial performance (including future revenues, earnings or growth rates), ongoing business strategies or prospects and possible actions by Lorillard, Inc. are also forward-looking statements as defined by the Reform Act.
Forward-looking statements are based on current expectations and projections about future events and are inherently subject to a variety of risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from those anticipated or projected. Information describing factors that could cause actual results to differ materially from those in forward-looking statements is available in Lorillard, Inc.'s filings with the Securities and Exchange Commission (the "SEC"), including but not limited to, our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. These filings are available from the SEC over the Internet or in hard copy, and are available on our website at www.lorillard.com. Forward-looking statements speak only as of the time they are made, and we expressly disclaim any obligation or undertaking to update these statements to reflect any change in expectations or beliefs or any change in events, conditions or circumstances on which any forward-looking statement is based.
SOURCE Lorillard, Inc.
Bob Bannon, Investor Relations, +1-336-335-7665
so far so good. Very nice momentum that I believe will surpass the 126 mark. time will tell
yeh i like it as a place to park some cash that i'd rather get a better return on than leaving in a mutual fund or a high yield savings account or something...
just somewhere to put it hopefully collect a little divi have a low P/E stock that will benefit along the rest
I like tobacco stocks they are cash cows & a lot of people stay away just because of the moral dilemma
Leaves their values intact
I feel a small gap up at the opening bell is in order. 200DMA is around 124.5 and LO is above the 50DMA now. With the impending 3 for 1 split ahead of us I can see this at least hitting the 200DMA prior to split. If next Q is good to great I can see pushing towards 52 week high. Now that would be optimal!!!
Dec 14 is the date to be a shareholder. Bounced off the 52 week low and has room in front of it still. 3 for 1 split should work nicely around $42.00
LO on watch thinking about picking some up here for a long hold...
~ Wednesday! $LO ~ Q1 Earnings posted, pending or coming soon! In Charts and Links Below!
~ $LO ~ Earnings expected on Wednesday *
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=LO&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=LO&p=W&b=3&g=0&id=p54550695994
~ Google Finance: http://www.google.com/finance?q=LO
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LO#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LO+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LO
Finviz: http://finviz.com/quote.ashx?t=LO
~ BusyStock: http://busystock.com/i.php?s=LO&v=2
<<<<<< http://www.earningswhispers.com/stocks.asp?symbol=LO >>>>>>
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
~ $LO ~ Earnings posted, pending or coming soon! In Charts and Links Below!
~ $LO ~ Earnings expected on Monday *
This Week In Earnings: Earnings are coming or are already posted! This is what the charts look like! If you play the earnings these posts can be very helpful to you!
Want more like this? Search Keyword: MACMONEY >>> http://tinyurl.com/MACMONEY <<<
One or more of many earnings sites has alerted this security has or will be posting earnings on or around the day of this message.
http://stockcharts.com/h-sc/ui?s=LO&p=D&b=3&g=0&id=p88783918276&a=237480049
http://stockcharts.com/h-sc/ui?s=LO&p=W&b=3&g=0&id=p54550695994
~ Barchart: http://barchart.com/quotes/stocks/LO?
~ OTC Markets: http://www.otcmarkets.com/stock/LO/company-info
~ Google Finance: http://www.google.com/finance?q=LO
~ Google Fin Options: hhttp://www.google.com/finance/option_chain?q=LO#
~ Yahoo! Finance ~ Stats: http://finance.yahoo.com/q/ks?s=LO+Key+Statistics
~ Yahoo! Finance ~ Profile: http://finance.yahoo.com/q/pr?s=LO
Finviz: http://finviz.com/quote.ashx?t=LO
~ BusyStock: http://busystock.com/i.php?s=LO&v=2
~ CandlestickChart: http://www.candlestickchart.com/cgi/chart.cgi?symbol=LO&exchange=US
~ Investorshub Trades: http://ih.advfn.com/p.php?pid=trades&symbol=LO
~ Investorshub Board Search: http://investorshub.advfn.com/boards/getboards.aspx?searchstr=LO
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~ Investorshub Goodies Search: http://investorshub.advfn.com/boards/msgsearchbyboard.aspx?boardID=18582&srchyr=2011&SearchStr=LO
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~ MarketWatch: http://www.marketwatch.com/investing/stock/LO/profile
~ E-Zone Chart: http://www.windchart.com/ezone/signals/?symbol=LO
~ 5-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LO
~ 10-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LO&size=l&frequency=10&color=g
~ 30-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LO&size=l&frequency=30&color=g
~ 60-Min Wind: http://www.windchart.com/stockta/analysis?symbol=LO&size=l&frequency=60&color=g
http://investorshub.advfn.com/boards/post_prvt.aspx?user=251916
*If the earnings date is in error please ignore error. I do my best.
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Lorrilard, Inc.
http://www.lorillard.com/
Lorillard, Inc., through its Lorillard Tobacco Company subsidiary, is the third largest manufacturer of cigarettes in the United States. Founded in 1760, Lorillard is the oldest continuously operating tobacco company in the United States. Newport, our flagship premium cigarette brand, is the top selling menthol and second largest selling cigarette brand overall in the United States based on gross units sold in 2011. The Newport brand accounted for approximately 88 percent of our sales revenue for the fiscal year ended December 31, 2011.
In addition to the Newport brand, our product line has four additional cigarette brand families marketed under the Kent, True, Maverick, and Old Gold brand names. These five brands include 43 different product offerings which vary in price, taste, flavor, length and packaging. We sold our major trademarks outside of the United States in 1977.
In 2011, we shipped 40.7 billion cigarettes, all of which were sold in the United States and certain U.S. possessions and territories. In 2011, we reported net sales of $6.5 billion and net income of $1.1 billion.
We produce cigarettes for both the premium and discount segments of the domestic cigarette market. Premium brands are well known, established brands marketed at higher retail prices. Discount brands are generally less well recognized brands marketed at lower retail prices. In April 2012, we acquired bluecigs , the leading electronic cigarette company in the U.S. We maintain our headquarters and manufacture all of our cigarette products at our Greensboro, North Carolina facility.
Murray S. Kessler
Chairman, President and Chief Executive Officer
David H. Taylor
Executive Vice President, Finance, Planning and Chief Financial Officer
Ronald S. Milstein
Executive Vice President, Legal and External Affairs, General Counsel and Secretary
Charles E. Hennighausen
Executive Vice President, Production Operations
Randy B. Spell
Executive Vice President, Marketing and Sales
Anthony B. Petitt
Vice President, Controller and Chief Accounting Officer
News
This page provides Lorillard resources and contacts designed for media professionals. Sign up to receive email alerts with the latest news releases and event information.
Media may contact us at:
Ronald Milstein
Senior Vice President, Legal and External Affairs, General Counsel
Lorillard, Inc.
714 Green Valley Rd.
Greensboro, NC 27408
E-mail: externalaffairs@lortobco.com
(336) 335-7000
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