Company Website:
http://www.altria.com
RICHMOND, Va. -- (Business Wire)
Altria Group, Inc. (Altria) (NYSE:MO) today announced that its Board of
Directors voted to increase Altria’s regular quarterly dividend by 8.3%
to $0.52 per common share versus the previous rate of $0.48 per common
share. The quarterly dividend is payable on October 10, 2014 to
shareholders of record as of September 15, 2014. The ex-dividend date is
September 11, 2014.
The new annualized dividend rate is $2.08 per common share, representing
a yield of 4.9% based on Altria’s closing stock price of $42.46 on
August 20, 2014.
Today’s dividend increase reflects Altria’s intention to return a large
amount of cash to shareholders in the form of dividends and is
consistent with Altria’s dividend payout ratio target of approximately
80% of its adjusted diluted earnings per share. Altria has increased its
dividend 48 times in the last 45 years.
Contacts:
Altria Client Services
Investor Relations
804-484-8222
or
Altria
Client Services
Media Relations
804-484-8897
Source: Altria Group, Inc.
© 2024 Canjex Publishing Ltd. All rights reserved.