Yesterday Altria announced a 5% increase of their quarterly dividend. The dividend will be up from $0,80 to $0,84 per quarter.
As a result of the 34 shares I own my yearly estimated dividend income will be up with $4,42.
My yield on cost based on the new dividend is 6,07%
This week I purchased 25 shares of Altria Group (MO) at a price of $55,88. With this purchase I add $80 to my yearly estimated dividend income. Based on the price I paid today the yield of Altria is 5,72%.
Shares of Altria are around a 52 weeks low and I decided to start a position in this company.