Thursday, August 30, 2007

Altria Group Increases Dividend 8.7%

Altria Group (MO) announced it was increasing the company's quarterly dividend by 8.7%. The new quarterly dividend will equal 75 cents per share versus 69 cents per share in the same quarter last year.

Additionally, MO's board of directors announced the company would spin off its international business, Phillip Morris International, Inc., to MO shareholders. The details of the spin off will be determined at the company's next board meeting on January 30, 2008.

(click on table on graph for larger image)

Altria Group dividend analysis. August 29, 2007
Altria Group stock chart. August 29, 2007

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