Altria Group increases quarterly dividend to $1.06 from $1.02 per share

Altria Group (MO) announced that its board of directors voted to increase our regular quarterly dividend by 3.9% to $1.06 per share versus the previous rate of $1.02 per share. The quarterly dividend is payable on October 10 to shareholders of record as of September 15. The ex-dividend date is September 15. The new annualized dividend rate is $4.24 per share, representing a dividend yield of 6.3% based on the closing stock price of $67.58 on August 20, the company noted. “Today’s dividend increase is consistent with our progressive dividend goal that targets mid-single digits dividend per share growth annually through 2028,” the company added.