Altria Group Inc. Increases Quarterly Dividend $MO

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  • Altria (NYSE:MO) declares $0.84/share quarterly dividend, 5% increase from prior dividend of $0.80.
  • Forward yield 7.26%
  • Payable October 10; for shareholders of record September 16; ex-div September 13.



Altria Group, Inc. (Altria) (NYSE: MO) today announced that its Board of Directors (Board) voted to increase Altria’s regular quarterly dividend for the 54th time in the past 50 years. The Board approved a dividend increase to $0.84 per common share versus the previous rate of $0.80 per common share. The quarterly dividend is payable on October 10, 2019, to shareholders of record as of September 16, 2019. The ex-dividend date is September 13, 2019.

“We are extremely proud of Altria’s fifty-year history of dividend growth,” said Howard Willard, Altria’s Chairman and Chief Executive Officer. “Over the past half century, Altria has demonstrated its steadfast commitment to rewarding shareholders despite numerous shifts in the tobacco landscape. Today, we remain focused on our shareholders as we lead the industry through a period of evolution.”

The new annualized dividend rate is $3.36 per common share, representing a yield of 7.3% based on Altria’s closing stock price of $46.25 on August 21, 2019.

Today’s dividend increase reflects Altria’s intention to return a large amount of cash to shareholders consistent with a dividend payout ratio target of approximately 80% of Altria’s adjusted diluted earnings per share.


For more information, visit www.altria.com


According to the list of U.S. Dividend Champions, Altria Group, Inc. is a Dividend Champions. MO has a 49-year dividend raising streak.


Dividend Growth Rates
DGR
DGR
DGR
DGR
1-yr
3-yr
5-yr
10-yr
14.9
10.4
9.7
9.5






Dividend Yield Chart:

Dividend Yield %: Close to 10-year high



This is the historical trailing annual dividend yield of Altria Group Inc. Buying stocks at higher yield relative its historical values is usually more profitable.


Dividend Per Share History



This is the dividend history of Altria Group Inc.


Payout Ratio:



This is the historical payout ratio of Altria Group Inc. If payout ratio is close to or higher than 100%, dividends might not be sustainable.



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