Friday, August 21, 2015

Dividend Increase – Altria Group, Inc. (MO)

Today the Board of Directors of Altria Group Inc. announced a quarterly dividend increase of from $0.52 to $0.565 per share that’s payable October 9, 2015 to holders of record September 15, 2015. This represents a 8.7% increase to regular quarterly dividends. Altria has increased its dividend 49 times in the past 46 years. The new annualized dividend rate is $2.26 per common share, representing a yield of 4.1% based on Altria’s closing stock price of $54.73 on August 20, 2015.

Since I own 175 shares, this will increase my portfolio's projected annual net dividend income by $23.46.

That increase rises my YOC to 6.71%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.


  1. At least some good news for shareholders on this brutal week for stocks ;-)


  2. We own PM and not Altria but always love to hear that someone out there in the DGI community is getting another raise!

    Cheering to dividend raises. AFFJ

  3. I was not expecting a 9% raise from MO but I'll gladly take it. :-)
    The markets beat us all up this week so this is welcome news.