Altria Increases Quarterly Dividend by 8.3% to $0.52 per Common Share

  Altria Increases Quarterly Dividend by 8.3% to $0.52 per Common Share

Business Wire

RICHMOND, Va. -- August 21, 2014

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.

Contact:

Altria Client Services
Investor Relations
804-484-8222
or
Altria Client Services
Media Relations
804-484-8897
 
Press spacebar to pause and continue. Press esc to stop.