Altria Increases Quarterly Dividend by 4.7% to $0.90 Per Share

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 4.7% to $0.90 per share versus the previous rate of $0.86 per share. The quarterly dividend is payable on October 12, 2021 to shareholders of record as of September 15, 2021. The ex-dividend date is September 14, 2021.

The new annualized dividend rate is $3.60 per share, representing a yield of 7.4% based on Altria’s closing stock price of $48.65 on August 25, 2021.

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 long-term objective of a dividend payout ratio target of approximately 80% of its adjusted diluted earnings per share. This increase marks the 56^th dividend increase in the past 52 years.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210826005739/en/

Altria Client Services

Investor Relations

804-484-8222

or

Altria Client Services

Media Relations

804-484-8897

Source: Altria Group, Inc.

FAQ

What is the new dividend amount for Altria (MO)?

Altria's new quarterly dividend is $0.90 per share.

When is the dividend payable for Altria (MO)?

The dividend is payable on October 12, 2021.

What is the ex-dividend date for Altria's (MO) new dividend?

The ex-dividend date is September 14, 2021.

What is the annualized dividend rate for Altria (MO)?

The annualized dividend rate is $3.60 per share.

What is the dividend yield for Altria (MO)?

The dividend yield is 7.4% based on the closing stock price of $48.65.