Altria Increases Quarterly Dividend by 4.1% to $1.02 Per Share | MO Stock News
Altria Group, Inc. announced a 4.1% increase in its quarterly dividend to $0.92 per share, up from $0.88. The dividend will be payable on October 10, 2024, to shareholders of record as of September 16, 2024. This marks the company's 59th dividend increase in 55 years, aligning with its goal of mid-single digits growth in dividend per share through 2028.
RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (NYSE: MO) today announced that our Board of Directors voted to increase our regular quarterly dividend by 4.1% to $1.02 per share versus the previous rate of $0.98 per share. The quarterly dividend is payable on October 10, 2024 to shareholders of record as of September 16, 2024. The ex-dividend date is September 16, 2024.
The new annualized dividend rate is $4.08 per share, representing a dividend yield of 7.9% based on our closing stock price of $51.81 on August 21, 2024.
Today’s dividend increase is consistent with our progressive dividend goal that targets mid-single digits dividend per share growth annually through 2028. This increase marks the 59th dividend increase in the past 55 years.
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Source: Altria Group, Inc.
