Friday, August 25, 2017

Dividend Increase – Altria Group, Inc. (MO)

Yesterday the Board of Directors of Altria Group Inc. announced a quarterly dividend increase of from $ 0.61 to $ 0.66 per share that’s payable October 10, 2017 to holders of record September 15, 2017. This represents a 8.20% increase to regular quarterly dividends. Altria has increased its dividend 51 times in the past 48 years. The new annualized dividend rate is $ 2.64 per common share, representing a yield of 4.15% based on Altria’s closing stock price of $ 63.60 on August 24, 2017.

Since I own 175 shares, this will increase my portfolio's projected annual net dividend income by $ 26.08.

That increase rises my YOC to 7.84%.

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Thanks for stopping by!

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