RICHMOND, Va.--(BUSINESS WIRE)--
Altria Group, Inc. (MO)
today announced that our Board of Directors voted to increase our
regular quarterly dividend by 4.3% to $0.98 per share versus the
previous rate of $0.94 per share. The quarterly dividend is payable on
October 10, 2023 to shareholders of record as of September 15, 2023. The
ex-dividend date is September 14, 2023.
The new annualized dividend rate is $3.92 per share, representing a
dividend yield of 9.1% based on our closing stock price of $43.12 on
August 23, 2023.
Today’s dividend increase is consistent with our new progressive
dividend goal that we established at our 2023 Investor Day that targets
mid-single digits dividend per share growth annually. This increase
marks the 58th dividend increase in the past 54 years.