American Electric Power Company (AEP) will raise its quarterly dividend by 5.7 percent to 74 cents per share in 2020. This follows a 4.5 percent increase to $0.70 per share in 2019 and will mark the 11th consecutive year of annual dividend increases by the utility holding company.
Marlboro is a brand of Altria Dividend Aristocrat Altria Group (MO) will raise its dividend again this year. The quarterly payment will be raised by $0.02 to 86 cents quarterly per share. The new annual dividend rate yields an estimated 8.1 percent at the current stock price.