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August 31, 2011
Edited: August 31, 2011
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In order to enhance shareholders’ value, the board of Altria Group, Inc. (MO) declared a raise in Altria’s (MO) regular quarterly dividend by 7.9% to 41 cents per share.
The quarterly dividend will be paid on October 11, 2011 to shareholders of record as of September 15, 2011. The new annualized dividend rate is $1.64 per common share, and the dividend increase from 38 cents per share is also consistent with Altria’s dividend payout ratio target of approximately 80% of its adjusted earnings per share.
Disclosure. Of course, own MO