Top Takeaways:

• Dividend raised to $1.06 per share, a 3.9% increase over the previous $1.02.
• This marks the 60th dividend increase in 56 years, reinforcing Altria’s long-standing commitment to shareholders.
• The new annualized dividend equates to $4.24 per share, translating to a 6.3% yield based on the closing stock price of $67.58 on August 20, 2025

Altria Group, Inc. (NYSE: MO) said Thursday its board of directors approved a 3.9% increase in the company’s regular quarterly dividend, raising the payout to $1.06 per share from $1.02.

The dividend is payable Oct. 10 to shareholders of record as of Sept. 15, with the ex-dividend date also set for Sept. 15. The new annualized rate of $4.24 per share represents a dividend yield of 6.3%, based on Altria’s closing stock price of $67.58 on Aug. 20.

This marks the company’s 60th dividend increase in the past 56 years, underscoring Altria’s long-standing emphasis on shareholder returns. The company reiterated its commitment to a “progressive dividend goal,” targeting mid-single-digit annual growth through 2028.

Altria maintains a dividend payout ratio of roughly 80% of adjusted earnings per share, a policy it says balances rewarding shareholders with maintaining financial flexibility. The company has consistently highlighted dividends as the cornerstone of its capital allocation strategy.

Altria, headquartered in Richmond, is the parent company of Philip Morris USA, U.S. Smokeless Tobacco Company and John Middleton, and it holds strategic investments in Anheuser-Busch InBev, NJOY and cannabis firm Cronos Group.