Altria: 4% increase in quarterly dividend
(CercleFinance.com) - Altria Group announced Thursday that its Board of Directors has decided to raise its regular quarterly dividend by 4.
1% to $1.02 per share, payable on 10 October to shareholders of record on 16 September.
The tobacco group points out that this brings its new annualized dividend rate to $4.08 per share, representing a dividend yield of 7.9% based on the closing share price of 21 August.
This increase, the 59th in the last 55 years, is in line with Altria's progressive dividend objective, which targets annual growth in dividend per share 'in the mid-single-digit range' through 2028.
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1% to $1.02 per share, payable on 10 October to shareholders of record on 16 September.
The tobacco group points out that this brings its new annualized dividend rate to $4.08 per share, representing a dividend yield of 7.9% based on the closing share price of 21 August.
This increase, the 59th in the last 55 years, is in line with Altria's progressive dividend objective, which targets annual growth in dividend per share 'in the mid-single-digit range' through 2028.
Copyright (c) 2024 CercleFinance.com. All rights reserved.