Thursday, August 21, 2014

Dividend Increase – Altria Group Inc. (MO)






Today Altria announces a quarterly dividend increase of from $0.48 to $0.52 per share that’s payable October 10, 2014 to holders of record September 15, 2014. This represents a 8.3% increase to regular quarterly dividends. This is the 48th dividend increase for Altria.

Altria is a Dividend Champions and has paid higher dividends consecutively for 44 years. With current price $42.60, this raise brings their dividend yield to 4.88%. 

Altria will remain in my portfolio and I’m currently holding it with no plans to accumulate more unless there is a big correction.

Since I own 175 shares this will increase my yearly net dividends by $20.86 . (~15.70€).

That increase rises my YOC to 6.18%

Click here to see my portfolio holdings.

You can follow the development of my dividends here.




5 comments:

  1. Great company. Most of the investors have underestimated the tobacco power. MO was boring without its international business but now it's one of the most successful dividend stories.

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  2. Bra utdelningshöjning! Härligt att se. Snart får vi se hur mycket Philip Morris höjer sin utdelning.

    // Christoffer

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  3. Hi DividendHawk! I'm a fellow shareholder of MO (75 shares) and happy with the dividend increase! I'll take 8% increases on nearly 5% dividends anytime!

    BTW, thanks for including DivGro in your blogroll. I recently expanded mine to a full page and I'm returning the favor: http://divgro.blogspot.com/p/blogroll.html

    Cheers
    FerdiS

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  4. Vaikkei suoraan tupakkaan liitykään, mutta paheisiin silti, niin oletko tutustunut useita huippubrändejä hallinnoivaan Diageoon alkoholipuolelta? P/E vajaa 20, aika hyvää tulosta tekee, market cap noin $75mrd, tämän vuoden osinko-% lisäosingon kanssa 3,6 luokkaa. Tällä hetkellä kulkee lähellä 52wk alinta. Tavoitetaso monilla n. 10d korkeammalla.

    ReplyDelete
    Replies
    1. Moi
      En ole lähemmin tutustunut Diageoon, on kyllä omalla Yahoon tarkkailulistalla. Muutamia artikkeleita olen kyllä lukenut. Diegeo on kasvattanut osinkoaan viimeiset 15 vuotta (http://ukdividendkings.com/list) ja payout ratio on varsin alhainen, joten siinä suhteessa vaikuttaa erittäin hyvältä.

      Delete

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