Mo dividend hike

imageYes 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

MO 20.7

MGIC 5.03

BAC 40.58

MAIN $6.067

OHI 4.36 third raise this year

Duk 5.093

NRZ 9.27 second raise this year

O .081    This is the third raise for this year

Flo 3.49

Apple $19.12

OHI 2.03 2nd raise

O .80

Walmart .776

KO $1.22

OHI 1.24

NRZ $5.04

O $1.27

announced last year effective this year

CIM $3.51

ATT .80

The total is $130.49 in raises so far.

Have you had any raises lately?

Disclaimer: Long all stocks mentioned

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Author: dividendsandhobbies

A Christian first and foremost. I love to invest fish grow a garden etc.

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