Yes the long awaited hike I patiently waited a whole year for this hike LOL. And it paid off with a big one. So show me MO money and it will. Adding all these dividend hikes up it sure does help the bottom line, which i love.
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 8.2% to $0.66 per common share versus the previous rate of $0.61 per common share. The quarterly dividend is payable on October 10, 2017, to shareholders of record as of September 15, 2017. The ex-dividend date is September 14, 2017.
The new annualized dividend rate is $2.64 per common share, representing a yield of 4.1% based on Altria’s closing stock price of $63.69 on August 18, 2017.
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 51 times in the past 48 years.
Since i own 103.5 shares this adds 20.7 dollars to my total and pushes my future 12 month dividends to 3228.00
OHI 4.36 third raise this year
NRZ 9.27 second raise this year
O .081 This is the third raise for this year
OHI 2.03 2nd raise
announced last year effective this year
The total is $130.49 in raises so far.
Have you had any raises lately?
Disclaimer: Long all stocks mentioned