Today MO raised its quarterly dividend from $.90 to $.94. This represents a 4.44% increase from last year. The dividend is payable on 10/11/22 and the ex-dividend date is 9/14/22.
While it would have been nice to see a dividend hike closer to the rate of inflation, MO was already yielding around 8% so this is somewhat expected.
Since I currently hold 8370 shares, this will increase my yearly dividends $1339.20 from $30,132 to $31,471.20.