SmarterDividends
MO

Altria Group, Inc.

MO

Consumer Defensive · Tobacco · Stock · quarterly payer

$73.62

Undervalued · +17% Add to Portfolio

Forward Yield

6.03%

Annual Dividend

$4.44

Payout Ratio

89%

5-Yr Growth

4.1%

Ex-Date

Sep 15, 2026

Frequency

Quarterly

Key facts about MO's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Altria Group, Inc. (MO) has a forward dividend yield of 6.03%, based on an annual dividend of $4.44 per share and a share price of $73.62.
  • As of Oct 27, 2026, MO's dividend safety grade from SmarterDividends is B (77 out of 100), which rates the dividend as safe.
  • By SmarterDividends' count, Altria Group, Inc. (MO) has raised its dividend for 17 consecutive years as of Oct 27, 2026.
  • MO last cut its regular dividend in 2008.
  • MO's most recent ex-dividend date was Sep 15, 2026, for a dividend of $1.11 per share.
  • As of Oct 27, 2026, MO pays out 89% of its trailing 12-month earnings as dividends (its payout ratio).
  • MO's dividend has grown at an average rate of 4.1% a year over the past five years.
  • As of Oct 27, 2026, MO's 6.03% yield is 23% below its five-year average yield of 7.86%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for MO is $85.84 per share, 17% above the $73.62 share price, so MO screens as undervalued.
  • Altria Group, Inc. (MO) pays its dividend quarterly, 4 times a year.
  • Altria Group, Inc. (MO) has raised its regular dividend 61 times and cut it 2 times across the 228 payments on record since 1970. Its most recent change was a 4.7% increase to $1.11 per share, going ex-dividend on Sep 15, 2026. The last cut went ex-dividend on Jun 11, 2008.
  • Altria (MO) has declared its first higher dividend of the year in August in 5 of the last 5 years; its most recent raise, 4.7%, was declared on Aug 27, 2026.
Cite this page

SmarterDividends, "MO Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/MO

Summary

As of Oct 27, 2026, Altria Group, Inc. (MO) yields 6.03% ($4.44 a year per share), has a dividend safety grade of B (77/100) and has 17 consecutive years of dividend increases on record.

Is MO a good dividend stock?

Yes

Altria Group, Inc. (MO) pays a quarterly dividend yielding 6.03% ($4.44/yr), with 17 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

  • 17 consecutive years of dividend growth
  • 74% total price return over 5 years

Risks

  • Cut its dividend in 2008
  • Elevated payout ratio (89%)

Key Data

Dividend Yield
6.03%
Payout Ratio
89%
Annual Dividend
$4.44
5-Yr Avg Growth
4.1%
Ex-Dividend Date
Sep 15, 2026
Years of Growth
17
Frequency
quarterly
Beta
0.46
Market Cap
$122.9B
P/E Ratio
15.5
5-Yr Total Return
74%
52-Week Range
$54.70 – $77.06
Dividend Safety
B · 77/100
Ever Cut?
Yes (2008)

MO dividend raises and cuts

Altria Group, Inc. (MO) has raised its regular dividend 61 times and cut it 2 times across the 228 payments on record since 1970. Its most recent change was a 4.7% increase to $1.11 per share, going ex-dividend on Sep 15, 2026. The last cut went ex-dividend on Jun 11, 2008.

Ex-dateChangeOld → newMove
Sep 15, 2026Raise$1.06 → $1.11+4.7%
Sep 15, 2025Raise$1.02 → $1.06+3.9%
Sep 16, 2024Raise$0.980 → $1.02+4.1%
Sep 14, 2023Raise$0.940 → $0.980+4.3%
Sep 14, 2022Raise$0.900 → $0.940+4.4%
Sep 14, 2021Raise$0.860 → $0.900+4.7%
Sep 14, 2020Raise$0.840 → $0.860+2.4%
Sep 13, 2019Raise$0.800 → $0.840+5.0%
Sep 13, 2018Raise$0.700 → $0.800+14.3%
Mar 14, 2018Raise$0.660 → $0.700+6.1%
Sep 14, 2017Raise$0.610 → $0.660+8.2%
Sep 13, 2016Raise$0.565 → $0.610+8.0%
Show all 63 changes since 1970
Ex-dateChangeOld → newMove
Sep 11, 2015Raise$0.520 → $0.565+8.7%
Sep 11, 2014Raise$0.480 → $0.520+8.3%
Sep 12, 2013Raise$0.440 → $0.480+9.1%
Sep 12, 2012Raise$0.410 → $0.440+7.3%
Sep 13, 2011Raise$0.380 → $0.410+7.9%
Sep 13, 2010Raise$0.350 → $0.380+8.6%
Mar 11, 2010Raise$0.340 → $0.350+2.9%
Sep 11, 2009Raise$0.320 → $0.340+6.3%
Sep 11, 2008Raise$0.290 → $0.320+10.3%
Jun 11, 2008Cut$0.750 → $0.290−61.3%
Sep 12, 2007Raise$0.690 → $0.750+8.7%
Jun 13, 2007Cut$0.860 → $0.690−19.8%
Sep 13, 2006Raise$0.800 → $0.860+7.5%
Sep 13, 2005Raise$0.730 → $0.800+9.6%
Sep 13, 2004Raise$0.680 → $0.730+7.4%
Sep 11, 2003Raise$0.640 → $0.680+6.3%
Sep 12, 2002Raise$0.580 → $0.640+10.3%
Sep 17, 2001Raise$0.530 → $0.580+9.4%
Sep 13, 2000Raise$0.480 → $0.530+10.4%
Sep 13, 1999Raise$0.440 → $0.480+9.1%
Sep 11, 1998Raise$0.400 → $0.440+10.0%
Sep 12, 1996Raise$0.333 → $0.400+20.0%
Sep 13, 1995Raise$0.275 → $0.333+21.2%
Sep 9, 1994Raise$0.230 → $0.275+19.6%
Mar 9, 1994Raise$0.217 → $0.230+6.2%
Sep 9, 1992Raise$0.175 → $0.217+23.8%
Sep 10, 1991Raise$0.143 → $0.175+22.1%
Sep 10, 1990Raise$0.115 → $0.143+25.0%
Sep 11, 1989Raise$0.0938 → $0.115+22.2%
Sep 9, 1988Raise$0.0750 → $0.0938+25.0%
Dec 9, 1987Raise$0.0625 → $0.0750+20.0%
Dec 9, 1986Raise$0.0479 → $0.0625+30.4%
Mar 10, 1986Raise$0.0417 → $0.0479+15.0%
Mar 11, 1985Raise$0.0354 → $0.0417+17.6%
Mar 9, 1984Raise$0.0302 → $0.0354+17.2%
Mar 3, 1983Raise$0.0250 → $0.0302+20.8%
Mar 4, 1982Raise$0.0208 → $0.0250+20.0%
Mar 3, 1981Raise$0.0167 → $0.0208+25.0%
Mar 6, 1980Raise$0.0130 → $0.0167+28.2%
Mar 9, 1979Raise$0.0107 → $0.0130+22.1%
Mar 9, 1978Raise$0.0086 → $0.0107+24.3%
Jun 10, 1977Raise$0.0068 → $0.0086+26.8%
Sep 7, 1976Raise$0.0052 → $0.0068+30.0%
Dec 9, 1975Raise$0.0047 → $0.0052+11.1%
Mar 11, 1975Raise$0.0042 → $0.0047+12.5%
Jun 11, 1974Raise$0.0036 → $0.0042+14.3%
Sep 10, 1973Raise$0.0034 → $0.0036+8.0%
Dec 11, 1972Raise$0.0033 → $0.0034+1.9%
Sep 11, 1972Raise$0.0032 → $0.0033+2.6%
Dec 13, 1971Raise$0.0031 → $0.0032+3.3%
Dec 11, 1970Raise$0.0026 → $0.0031+20.0%
Every MO payment →Download every raise and cut (CSV)
MO ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →MO dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is MO a good dividend stock?

Yes. Altria Group, Inc. (MO) pays a quarterly dividend yielding 6.03% ($4.44/yr), with 17 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is MO undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, MO's fair value is about $85.84 versus a $73.62 share price — so it looks undervalued (+17% vs. fair value).

Is MO's dividend safe?

MO has a dividend-safety grade of B (77/100), based on its payout coverage, free-cash-flow, 17-year growth streak, a dividend cut in 2008, debt and yield-versus-history.

What is MO's fair value?

Our blended fair-value estimate for MO is about $85.84 per share, roughly 17% above the current $73.62 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is MO a buy, hold, or sell?

We don't issue formal ratings, but on the data MO screens as "yes" and undervalued. Altria Group, Inc. (MO) pays a quarterly dividend yielding 6.03% ($4.44/yr), with 17 years of growth and a dividend-safety grade of B. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will MO cut its dividend?

MO earns a dividend-safety grade of B (77/100), and has cut its dividend before (last in 2008). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does MO pay a dividend?

Yes. Altria Group, Inc. pays a quarterly dividend of about $4.44 per share annually, a forward yield of roughly 6.03%.

What is MO's dividend yield?

As of Oct 27, 2026, MO's forward dividend yield is 6.03%, based on a $4.44 annual dividend and a $73.62 share price.

What is MO's dividend per share?

As of Oct 27, 2026, MO pays $4.44 per share per year, distributed on a quarterly basis.

What is MO's dividend payout ratio?

As of Oct 27, 2026, MO's payout ratio is 89% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has MO grown its dividend?

As of Oct 27, 2026, MO has increased its dividend for 17 consecutive years.

When is the next MO ex-dividend date?

As of Oct 27, 2026, MO's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $1.11 per share.

MO Dividend News

MO
IncreaseMO·Sep 16, 2026

Altria (MO) Raises Dividend 4.7% to $1.11, Its 61st Increase in 57 Years

Altria (MO) lifted its quarterly dividend 4.7% to $1.11, extending a 57-year record as steady earnings growth supports another measured increase.

Income Calculator

At $4.44 / yr per share

Per payment (quarterly)$111.00
Annual$444.00
Monthly avg$37.00

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