Altria Increases Quarterly Dividend by 4.1% to $1.02 Per Share

8/22/24 1:15:00 PM ET

Medicinal Chemicals and Botanical Products

Health Care

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Altria Group, Inc. (NYSE:MO) today announced that our Board of Directors voted to increase our regular quarterly dividend by 4.1% to $1.02 per share versus the previous rate of $0.98 per share. The quarterly dividend is payable on October 10, 2024 to shareholders of record as of September 16, 2024. The ex-dividend date is September 16, 2024.

The new annualized dividend rate is $4.08 per share, representing a dividend yield of 7.9% based on our closing stock price of $51.81 on August 21, 2024.

Today's dividend increase is consistent with our progressive dividend goal that targets mid-single digits dividend per share growth annually through 2028. This increase marks the 59^th dividend increase in the past 55 years.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240822789273/en/

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Date	Price Target	Rating	Analyst
4/1/2025		Buy → Hold	Deutsche Bank
1/16/2025	$54.00	Equal-Weight	Morgan Stanley
12/6/2024	$55.00 → $65.00	Neutral → Buy	BofA Securities
10/8/2024	$44.50 → $48.00	Neutral	Citigroup
1/23/2024		Sell	UBS
4/14/2023	$52.00	Buy	Stifel
11/10/2022	$38.00	Neutral → Sell	UBS
6/29/2022	$53.00 → $36.00	Equal Weight → Underweight	Barclays

Altria Increases Quarterly Dividend by 4.1% to $1.02 Per Share

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Recent Analyst Ratings for
$MO

$MO
Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Yzaguirre Mario Max was granted 3,219 shares, increasing direct ownership by 25% to 16,252 units (SEC Form 4)

Director Strahlman Ellen R was granted 3,219 shares, increasing direct ownership by 16% to 23,087 units (SEC Form 4)

Director Stoddart Richard S was granted 3,219 shares (SEC Form 4)

$MO
SEC Filings

SEC Form 11-K filed by Altria Group Inc.

SEC Form 11-K filed by Altria Group Inc.

Amendment: SEC Form 10-K/A filed by Altria Group Inc.

Altria Increases Quarterly Dividend by 4.1% to $1.02 Per Share

Chat with this insight

Recent Analyst Ratings for $MO

$MO Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

Director Yzaguirre Mario Max was granted 3,219 shares, increasing direct ownership by 25% to 16,252 units (SEC Form 4)

Director Strahlman Ellen R was granted 3,219 shares, increasing direct ownership by 16% to 23,087 units (SEC Form 4)

Director Stoddart Richard S was granted 3,219 shares (SEC Form 4)

$MO SEC Filings

SEC Form 11-K filed by Altria Group Inc.

SEC Form 11-K filed by Altria Group Inc.

Amendment: SEC Form 10-K/A filed by Altria Group Inc.

Recent Analyst Ratings for
$MO

$MO
Insider Trading

$MO
SEC Filings