Thursday, August 21st the Board of Directors of Altria Group, Inc. (MO) announced a quarterly dividend increase of from $1.02 to $1.06 per share, that’s payable October 10, 2025 to holders of record September 15, 2025. This represents a 3.92% increase over the last quarterly dividend. This increase marks the 60th dividend increase in the past 56 years.
At the current price of $67.68 (yesterday's close), this increase will raise MO's dividend yield to 6.26%.
Altria Group is a Dividend Champions with a 55 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 4.2, 4.4, 3.8 and 7.3 (Dividend Champions.xls)
As an owner of 175 shares of MO, the recent dividend increase adds $20.86 to my projected annual net dividend income.
The dividend increase of four cents was consistent with the trend observed in recent years and aligned with expectations.
This represents the 13th dividend increase I have received from Altria Group since initiating my position in August 2013. Over that period, the company’s quarterly dividend has grown consistently from $0.48 to $1.06 per share, reflecting a cumulative increase of 121%.
As of this writing, MO represents approximately 1.39% of my portfolio by weight and contributes around 2.10% to my projected annual dividend income.
Following this increase, my yield on cost is 12.6%.
Summary of 2025 Dividend Increases / Cuts
Click here to see my portfolio holdings.
You can follow the development of my dividends here.
Full Disclosure: Long MO
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