Altria Group, Inc. (NYSE:MO) to Issue Dividend Increase – $1.11 Per Share

Posted by George Bondi on Aug 28th, 2026

Altria Group, Inc. (NYSE:MO – Get Free Report) declared a quarterly dividend on Thursday, August 27th. Investors of record on Tuesday, September 15th will be paid a dividend of 1.11 per share on Friday, October 9th. This represents a c) annualized dividend and a yield of 6.6%. The ex-dividend date is Tuesday, September 15th. This is a 4.7% increase from Altria Group’s previous quarterly dividend of $1.06.

Altria Group has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 56 years. Altria Group has a dividend payout ratio of 76.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Altria Group to earn $5.84 per share next year, which means the company should continue to be able to cover its $4.24 annual dividend with an expected future payout ratio of 72.6%.

Altria Group Stock Down 2.1%

Shares of NYSE MO opened at $67.66 on Friday. The firm has a market cap of $112.97 billion, a PE ratio of 14.27, a P/E/G ratio of 2.45 and a beta of 0.46. The company’s fifty day simple moving average is $70.11 and its 200 day simple moving average is $68.95. Altria Group has a 12-month low of $54.70 and a 12-month high of $77.06.

Altria Group (NYSE:MO – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.50 by ($0.02). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same period last year, the firm posted $1.44 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. On average, equities analysts predict that Altria Group will post 5.67 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MO. BTIG Research assumed coverage on Altria Group in a research note on Tuesday, July 21st. They issued a “neutral” rating for the company. UBS Group upped their price target on Altria Group from $76.00 to $79.00 and gave the stock a “buy” rating in a research note on Tuesday, July 7th. Morgan Stanley set a $71.00 price target on Altria Group in a report on Friday, May 1st. Jefferies Financial Group raised their price objective on Altria Group from $50.00 to $60.00 and gave the company an “underperform” rating in a research note on Wednesday, May 27th. Finally, Citigroup boosted their price objective on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $70.11.

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Altria Group Company Profile

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Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.