Dividend Aristocrat Altria (MO) will raise its dividend by 9.1 percent. Altria increases the quarterly dividend from $0.44 to $0.48 per share. At the current price of $34 the yield on the new dividend is 5.7% annually.
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.