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Altria Increases Quarterly Dividend by 4.7% to $0.90 Per Share

BusinessWire_EN 
0 0 26.08.21
Altria Increases Quarterly Dividend by 4.7% to $0.90 Per Share:
 

Altria Group, Inc. (Altria) (NYSE: MO) today announced that its Board of Directors voted to increase Altria’s regular quarterly dividend by 4.7% to $0.90 per share versus the previous rate of $0.86 per share. The quarterly dividend is payable on October 12, 2021 to shareholders of record as of September 15, 2021. The ex-dividend date is September 14, 2021.

The new annualized dividend rate is $3.60 per share, representing a yield of 7.4% based on Altria’s closing stock price of $48.65 on August 25, 2021.

Today’s dividend increase reflects Altria’s intention to return a large amount of cash to shareholders in the form of dividends and is consistent with Altria’s long-term objective of a dividend payout ratio target of approximately 80% of its adjusted diluted earnings per share. This increase marks the 56th dividend increase in the past 52 years.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210826005739/en/

Altria Group Inc. Stock

€39.50
1.780%
There is an upward development for Altria Group Inc. compared to yesterday, with an increase of €0.69 (1.780%).
With 8 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 46 € shows a slightly positive potential of 16.46% compared to the current price of 39.5 € for Altria Group Inc..
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