Altria Increases Quarterly Dividend by 8.7% to $0.565 per Common Share
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Cowen Remains Bullish on Altria Group (MO) as Dividend Growth Accelerates
August 21, 2015 11:57 AM EDTCowen reiterated an Outperform rating and $62.00 price target on Altria (NYSE: MO) as dividend growth accelerates. MO raised its dividend +8.7%, to $2.26 per share. MO has steadily increased dividends +7-9% over the last four years. The increase is consistent with MO's raised EPS outlook to +7.5%-9.5%,... More
Altria Group (MO) Raises Quarterly Dividend 8.7% to $0.565; 4.1% Yield
August 21, 2015 11:01 AM EDTAltria Group (NYSE: MO) declared a quarterly dividend of $0.565 per share, or $2.26 annualized. This is an 8.7% increase from the prior dividend of $0.52.
The dividend will be payable on October 9, 2015, to stockholders of record on September 15, 2015, with an ex-dividend date of September 11,... More
