Today Altria (MO) raised its quarterly dividend 8.33% from $.48 to $.52 per share. The new yield is 4.88%. Since I own 150 shares, this will increase my yearly dividends by $24.00.
I'm with you. I wish I had bought more back when it was in the low 30s late last year. I think anytime you can get 5% yield or better you can pull the trigger. After all, 5% YOC most likely will become 6% YOC in two years.
Thanks for posting this. The stock account I run for my mom holds this and I know she'll appreciate the bump. 8.33% isn't too shabby and congrats on the increase to your yield!
Thanks for stopping by and the question. I don't count raises in my weekly goal to increase forward dividends by $100. However, they will certainly help in my goal to reach $14,500 in forward passive income by year end.
That's great news. As a fellow shareholder, I am really happy.
ReplyDeleteDGJ
DGJ,
DeleteHopefully PM will follow MO's lead and then I will be really happy!
MDP
I hope the stock falls..eventually. Been looking at it for a while and wish it would drop to 40.
ReplyDeleteAnonymous,
DeleteI'm with you. I wish I had bought more back when it was in the low 30s late last year. I think anytime you can get 5% yield or better you can pull the trigger. After all, 5% YOC most likely will become 6% YOC in two years.
Good luck,
MDP
Div Pipeline!
ReplyDeleteThanks for posting this. The stock account I run for my mom holds this and I know she'll appreciate the bump. 8.33% isn't too shabby and congrats on the increase to your yield!
-Lanny
Lanny,
DeleteNo problem. MO is a beast!
MDP
Another great dividend raise from MO. Thanks for the update.
ReplyDeleteCD
No problem Captain. This workhorse rarely gets any love, but just keeps performing year in and year out.
DeleteMDP
I keep on mixing up my PM holding with MO as I was looking at both nicotine stocks when I bought PM. So no increase for me :(
ReplyDeleteBe patient AG, the increase is coming!
DeleteMDP
Relatively new to the blog but it's already one of my favorite to check.
ReplyDeleteDo you credit your $24 income increase towards your next weeks goal? So you would only need to add $76 in dividend income via new investments?
Matt,
DeleteThanks for stopping by and the question. I don't count raises in my weekly goal to increase forward dividends by $100. However, they will certainly help in my goal to reach $14,500 in forward passive income by year end.
Take care and stop by anytime!
MDP