Altria Group Inc (MO) just declared $0.66 quarterly dividend. This is an increase of 8.2% from $0.61.
I own 29 shares, so this will increase my annual dividend income by $5.80 to $4,097.70
I am very very happy with my holding of MO and do not plan to add more shares anytime soon unless there is a big drop in price. I have been doing very well with this holding as I am up 83.86%.
I am very very happy with this dividend increase as well! When can you say that you received an 8.2% pay increase from work? This is why I love dividend growth investing. Last year, MO increased its divided by 8.0% and the year before it was 8.7%. I am loving the trend here.
I find the stock to be overvalued and I would recommend a Hold.
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