Thursday, August 25, 2022

MO raises dividend 4.44% --- New yield is 8.11%

 






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.


2 comments:

  1. I will be enjoying that raise as well my friend! I know you are heavy MO, what other stocks are on your watch list?

    ReplyDelete
  2. Keep going and posting, don't let the current state of the market stop you.

    ReplyDelete