Monday, July 27th the Board of Directors of Altria Group,
Inc. announced a
quarterly dividend increase of from $ 0.84 to $ 0.86 per share that’s payable October
9, 2020 to holders of record September 15, 2020. This represents a 2.38%
increase over last quarterly dividend.
Altria maintains its long-term objective of a dividend
payout ratio target of approximately 80% of adjusted diluted EPS.
With current price $ 41.63 (Wednesday's close), this
raise brings their dividend yield to 8.26%.