Altria Group (MO), Philip Morris Int'l (PM) Set to Raise Dividends, BofA/Merrill Lynch Notes

BofA/Merrill Lynch analyst Lisa Lewandowski looks for Altria Group (NYSE: MO) and Philip Morris Int'l (NYSE: PM) to raise their dividend over the next few weeks.

On Thursday, August 21, they look for Altria's Board to elect to raise its annual dividend by 6.3% to $2.04 from $1.92/share, resulting in a 51c/share (+3c) quarterly dividend.

On Wednesday, September 10, they anticipate that PM's Board will elect to increase its annual dividend per share from $3.76 to $4.00, representing an increase of 6.4% or a $1.00/share quarterly dividend.

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