Altria Group Announces Dividend Increase

Dividend Yield of 7.94%

Regular Quarterly Dividend Payable on October 10, 2023

Altria Group Inc. (MO) today announced that its Board of Directors has voted to increase the company's regular quarterly dividend by 4.2% to $0.98 per share.

The increased dividend is payable on October 10, 2023, to shareholders of record as of September 15, 2023. The annual dividend rate is now $3.92 per share, resulting in a yield of 7.94% based on the current stock price.

Altria Group's dividend yield is higher than the average yield for companies in the Consumer Staples sector, which is around 4%. The company has a strong history of paying dividends, having increased its dividend every year for the last 52 years.