Altria Group Dividend Increase

On August 27, Altria Group (MO) increased its dividend by 4.72%, from $1.06 to $1.11 per share.

The dividend is payable on October 9 to shareholders of record on September 15.

MO's contribution to DivGro's projected annual dividend income will increase by $24 to $532.80.

Created by the author

I own 120 shares of MO at an average cost basis of $38.87/share. Following this increase, my yield on cost rises to 11.42%. (The stock's forward yield is 6.56% at $67.67/share.)

Since I opened my position in January 2014, the stock has delivered a total return of 153%, including dividends of $3,682.22. That's a splendid annualized rate of return of 12.9%!

MO became DivGro's 4th Home Run stock in July 2016, doubling my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date

✝projected, assuming no further changes

Created by the author

MO's quality score is 6.00, which I rate Above Average. F1 Dividend Safety lands MO at a weak 4.6. At 57 consecutive years of dividend growth, MO sits firmly in Dividend King territory, a vanishingly rare distinction.