Altria Dividend Increase
On 22 August, Altria (MO) increased its quarterly dividend by 4.08%, from 98¢ to $1.02 per share.
The dividend will be paid on 10 October to shareholders of record on 16 September. The ex-dividend date is 16 September.
MO’s contribution to DivGro’s projected annual dividend income will increase by $48 to $1,224.
I own 300 shares of MO at an average cost basis of $45.84 per share. Following this increase, my yield on cost is 8.90%. (MO’s forward yield is 7.78% at $52.44 per share).
Since I opened my MO position in January 2014, the stock has produced total returns of 49%, including $4,792.32 in dividend income.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $3.28 | $3.40 | $3.52 | $3.68 | $3.84 | ⬆ | $4.00✝ |
| 9.33% | 3.66% | 3.53% | 4.55% | 4.35% | ⬇ | 4.17% |
| 5-year DGR: | 5.06% | ⬇ | 4.05% | |||
✝projected, assuming no further changes
