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

We and certain third parties use cookies, web beacons, pixels and similar technologies that may collect, record and share information about your use of our site. By using our site, you agree to these practices. For more details, please read our Privacy Statement.

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

8/26/2021

RICHMOND, Va.--(BUSINESS WIRE)-- 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 56^th dividend increase in the past 52 years.

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

Altria Client Services
Investor Relations
804-484-8222
or
Altria Client Services
Media Relations
804-484-8897

Source: Altria Group, Inc.

Press Release

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