On August 27, Altria Group (MO) increased its dividend by 4.72%, from $1.06 to $1.11 per share.
The dividend is payable on October 9 to shareholders of record on September 15.
MO's contribution to DivGro's projected annual dividend income will increase by $24 to $532.80.
Created by the author
I own 120 shares of MO at an average cost basis of $38.87/share. Following this increase, my yield on cost rises to 11.42%. (The stock's forward yield is 6.56% at $67.67/share.)
Since I opened my position in January 2014, the stock has delivered a total return of 153%, including dividends of $3,682.22. That's a splendid annualized rate of return of 12.9%!
MO became DivGro's 4th Home Run stock in July 2016, doubling my original capital outlay.
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $3.520 | $3.680 | $3.840 | $4.000 | $4.160 | ⬆ | $4.340✝ |
| 3.53% | 4.55% | 4.35% | 4.17% | 4.00% | ⬆ | 4.33% |
| 5-year DGR: | 4.12% | ⬆ | 4.28% | |||
✝projected, assuming no further changes
Created by the author
MO's quality score is 6.00, which I rate Above Average. F1 Dividend Safety lands MO at a weak 4.6. At 57 consecutive years of dividend growth, MO sits firmly in Dividend King territory, a vanishingly rare distinction.
No comments:
Post a Comment
Please don't include links in comments. I will mark such comments as spam and the comment won't be published. To make me aware of your blog or website, comment on my Blogrole page instead.