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 56th 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.