Altria Group (MO) will raise its quarterly dividend by 7.9 percent to $0.41 per share in 2011. Last year the tobacco company hiked its dividend two times from 34 cents to 38 cents per share quarterly.
The increased dividend is payable on October 10, 2011 to shareholders of record at the close of business on September 15, 2011. The ex-date for his next dividend of 41 cents per share is September 13, 2011.
Altria Group, Inc. is a holding company. Altria’s wholly-owned subsidiaries include Philip Morris USA Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co., Nu Mark LLC, Ste. Michelle Wine Estates Ltd. and Philip Morris Capital Corporation. Altria's tobacco brands include Marlboro, Black & Mild, Copenhagen, Skoal, MarkTen and Green Smoke. Altria also holds an equity investment in brewer SAB-Miller.