Altria Group raised its quarterly dividend by 4.7% to $1.11 per share, the 61st increase in 57 years, keeping the company in the Dividend King ranks of firms that have lifted payouts for at least 50 straight years. The increase is in line with Altria's targeted mid-single-digit percentage growth through 2028. Under a hypothetical $150 monthly investment over 10 years with dividends reinvested and a flat share price, an investor would collect $8,675 in dividends at a 4% annual growth rate, $10,160 at 6%, and $7,430 at 2%. Without reinvesting dividends, the same monthly investment would produce $7,883 in total dividends at a 6% annual increase and $6,072 at 2%. The calculations exclude taxes, so investors holding the shares in a taxable brokerage account would likely see a lower after-tax amount.
Altria GroupAltria raised its quarterly dividend 4.7% to $1.11 per share, its 61st increase in 57 years.
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