Will MO raise its dividend in 2021?
(Altria) (NYSE: MO) today announced that its Board of Directors voted to increase Altria’s regular quarterly dividend by 4.7% to $0.90 per share versus the previous rate of $0.86 per share. The quarterly dividend is payable on October 12, 2021 to shareholders of record as of September 15, 2021.
Is MO a good dividend stock?
MO comes off as the kind of dividend stock which lures in prospective investors due to the high yield, which investors then try to justify buying it. A typical thesis would go as follows: MO has a long history of growing its dividend and is a potential play on the growth of cannabis in the United States.
Is Altria dividend sustainable?
Altria (NYSE: MO), the largest tobacco company in America, is often considered a stable dividend stock. It pays a high forward yield of 8.4%, and it trades at just nine times forward earnings.
Is Altria a good long term investment?
Altria has a long history of rewarding shareholders with ample returns of capital via dividends. MO has been a perpetually cheap, hated stock, but one of the best long-term performers in the S&P 500 due to its high return on equity and dividend-friendly policies.
Does Mo pay a dividend?
MO pays a dividend of $3.48 per share. MO’s annual dividend yield is 7.16%. Altria Group’s dividend is higher than the US Consumer Defensive industry average of 3.9%, and it is higher than the US market average of 3.37%.
How often does Mo pay a dividend?
There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3.
Which stock has the highest dividend?
Dividend Aristocrat Companies With the Highest Dividends
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How much dividend does Mo pay?
Dividend History for Altria Group, Inc. (MO)
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Is Mo stock a buy?
The bottom line: Altria is not a buy yet. Moreover, MO stock has mediocre ratings. Earnings growth might tick higher this year. But revenue has bounced between anemic growth and modest declines.
What stocks pay dividends monthly?
The following seven monthly dividend stocks all yield 6% or more.
- AGNC Investment Corp. ( ticker: AGNC) …
- Gladstone Capital Corp. ( GLAD) …
- Horizon Technology Finance Corp. ( HRZN) …
- LTC Properties Inc. ( LTC) …
- Main Street Capital Corp. ( MAIN) …
- PennantPark Floating Rate Capital Ltd. ( PFLT) …
- Pembina Pipeline Corp. ( PBA)
Is MO stock safe?
The Altria stock dividend appears safe. It consumes about 80% of the company’s free cash flow. And that cash is supported by a consistent and proven business model. Also, Altria projects slow but profitable growth during the next 1-3 years.