Dividend Increase Announcement
On July 28th, Altria Group announced a dividend increase of 2.4%. This will increase their dividend per quarter from $0.84 to $0.86. It is payable on October 9th for shareholders of record on September 15th. The new quarterly dividend represents an annualized dividend amount of $3.44 per share as compared to the current annualized dividend amount of $3.36 per share.
Altria Group Dividend Information
Annual Dividend: $3.44
Dividend Yield: 8.17%
Dividend Growth History: 50 years
Payout Ratio: 79.81%
Dividend Increase Effect On More Dividends
I am currently holding 44.109 shares of Altria Group in the More Dividends portfolio. With this 2.4% increase it will add an additional $3.52 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Altria Group has been in the portfolio for a coupe of years now. I have slowly built it to be one of the largest positions that I hold in the portfolio.
I would love the opportunity to add to this position but until I build up some of my other positions I will leave this position as is. I do not want any position in my portfolio to become to over weighted.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Altria Group? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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