Altria hikes dividend by 8.2% in 2017 Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
Altria Group As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
Altria Group As of October 10, 2023	MO	$3.92	4.3%	4.4%	4.7%
Tobacco	9.2%	54	7.3%	Quarter	N/A

Altria hikes dividend by 8.2%

Friday 25 August 2017

Altria Group, Inc. (MO) will increase its regular quarterly dividend by 8.2% to $0.66 per common share versus the previous rate of $0.61 per common share.

The quarterly dividend is payable on October 10, 2017, to shareholders of record as of September 15, 2017. The ex-dividend date is September 14, 2017.

The new annualized dividend rate is $2.64 per common share, representing a yield of 4.1% based on Altria’s closing stock price of $63.69 on August 18, 2017.

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 AB InBev, owning approximately 10.2% of the Belgium-based beer brewer.

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