Altria Increases Quarterly Dividend by 8.7% to $0.565 per Common Share
August 21 2015 - 11:00AM
Business Wire
Altria Group, Inc. (Altria) (NYSE: MO) today announced that its
Board of Directors voted to increase Altria’s regular quarterly
dividend by 8.7% to $0.565 per common share versus the previous
rate of $0.52 per common share. The quarterly dividend is payable
on October 9, 2015, to shareholders of record as of September 15,
2015. The ex-dividend date is September 11, 2015.
The new annualized dividend rate is $2.26 per common share,
representing a yield of 4.1% based on Altria’s closing stock price
of $54.73 on August 20, 2015.
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 dividend payout ratio target of
approximately 80% of its adjusted diluted earnings per share.
Altria has increased its dividend 49 times in the past 46
years.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150821005474/en/
Altria Client ServicesInvestor Relations, 804-484-8222orAltria
Client ServicesMedia Relations, 804-484-8897
Altria (NYSE:MO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Altria (NYSE:MO)
Historical Stock Chart
From Apr 2023 to Apr 2024