Altria increases dividend for 45th consecutive year

Dividend Aristocrat Altria will raise its quarterly dividend by 8,3% from $0,48 to $0,52 per share. It's the 45th consecutive annual dividend increase for the tobacco company.

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 (source: Altria website).

Altria has increased its dividend 48 times in the last 45 years.

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