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4-Traders Homepage  >  Equities  >  Nyse  >  Altria Group Inc    MO

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Altria Group, Inc. : Altria Increases Quarterly Dividend by 7.3% to $0.44 per Common Share

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08/24/2012 | 05:05pm CEST

Altria Group, Inc. (Altria) (NYSE: MO) today announced that its Board of Directors voted to increase Altria's regular quarterly dividend by 7.3% to $0.44 per common share versus the previous rate of $0.41 per common share. The quarterly dividend is payable on October 10, 2012 to shareholders of record as of September 14, 2012. The ex-dividend date is September 12, 2012.

The new annualized dividend rate is $1.76 per common share, representing a yield of 5.3% based on Altria's closing stock price of $33.45 on August 23, 2012.

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 46 times in the last 43 years.

Altria Client Services
Investor Relations
804-484-8222
or
Altria Client Services
Media Relations
804-484-8897


© Business Wire 2012
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Net income 2017 6 269 M
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Mean consensus OUTPERFORM
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Average target price 73,2 $
Spread / Average Target 2,0%
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NameTitle
Martin J. Barrington Chairman, President & Chief Executive Officer
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