Friday, August 24, 2018

Dividend Increase – Altria Group, Inc. (MO)

Yesterday the Board of Directors of Altria Group Inc. announced a quarterly dividend increase of from $ 0.70 to $ 0.80 per share that’s payable October 10, 2018 to holders of record September 14, 2018. This represents a 14.3% increase to regular quarterly dividends. Altria has increased its dividend 53 times in the past 49 years. The new annualized dividend rate is $ 3.20 per common share, representing a yield of 5.35% based on Altria’s closing stock price of $ 59.82 on August 23, 2018.

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

It should be noted that this is the second dividend increase in the current calendar year as it was also raises by $ 0.04 in March 2018. (Link)

Since I own 175 shares of MO, this will increase my portfolio's projected annual net dividend income by $ 52.15.

That increase rises my YOC to 9.51%. 

Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long MO 

Thanks for stopping by!


  1. Awesome! I was curious if they'd announce another raise based on their normal increase schedule or whether they'd wait. Glad to see they kept with the schedule and bumped it up a huge amount!

  2. Hawk -

    You son of a gun... such an awesome dividend increase, huge congrats.