Altria Raises Quarterly Dividend 4.72% to $1.11

Altria Group, Inc. (NYSE: MO) increased its quarterly dividend to $1.11 per share from $1.06, a 4.72% rise. The shares traded ex-dividend on Sept. 15, 2026.

The new rate equates to an annual dividend of $4.44 per share. Based on the referenced share price of $69.81, the forward annual yield is 6.29%. Altria’s board said the increase was consistent with the company’s progressive dividend-growth goal, according to the company’s announcement.

The increase extends Altria’s consecutive dividend-growth streak to 17 years. The company previously cut its dividend in 2008. That history makes the latest action part of a sustained pattern of annual increases, although future declarations remain subject to board approval.

Business context

Altria’s cash returns remain supported primarily by its U.S. tobacco operations. Its portfolio includes Marlboro cigarettes, Copenhagen and Black & Mild tobacco products, and the on! and on! PLUS oral-nicotine brands. The company has been working to expand its smoke-free portfolio while maintaining the profitability of its traditional tobacco businesses.

In its latest quarterly update before the dividend decision, Altria said its operating companies continued to advance smoke-free products, strengthen traditional tobacco operations and return cash to shareholders. The company also highlighted the broader rollout of on! PLUS and planned additions to that product line, while noting continued efforts to manage its established smokeable-products business. Those operating priorities provide context for the board’s decision to continue raising the payout, though Altria did not attribute the increase to a single product or initiative. Altria’s second-quarter results provide additional detail.

What it means for income investors

At the new rate, one share produces $4.44 in annual dividend income if the quarterly payment is maintained. The 6.29% forward yield reflects the supplied $69.81 share price and will change as the stock price moves.

Because Sept. 15 was the ex-dividend date, investors who acquired shares on or after that date generally were not entitled to the associated payment. The increase raises prospective income from Altria shares, but it does not guarantee future dividends; each payment remains subject to board authorization.