08-26-2016, 06:53 PM
Portfolio gets a boost today.
Yes! Invest in value stawks and get the rewards.

Yahoo Finance Wrote:Altria (MO) Rewards Shareholders with 8% Hike in Dividend
Zacks Equity Research
August 26, 2016
Altria Group, Inc.’s MO board of directors recently announced an 8% hike in its quarterly dividend to 61 cents per share. The new dividend will be paid on Oct 11 to shareholders on record as of Sep 15, 2016. The annualized dividend now amounts to $2.44 per share with a dividend yield of 3.7%, based on Altria’s closing price of $66.33 as of Aug 19, 2016. Last year, the company increased its dividend by 8.7%.
The cigarette maker regularly returns value to shareholders and since the spin-off of Philip Morris International Inc. PM, in 2008, has increased dividend every year. Notably, the company has raised its dividend 50 times in 47 years. Also, the company has a dividend payout ratio target of around 80% of adjusted earnings per share.
Altria is not the only tobacco company that engages in shareholder friendly moves as many of its peers to have been rewarding investors with attractive yields. While Altria and peer Reynolds American, Inc. RAI pay dividends that yield more than 3.6%, Philip Morris has a dividend yield of 4.07%. Vector Group Limited VGR, a smaller American cigarette company that owns the Pyramid and Eagle 20's brands, has a striking dividend yield of 7.25%.
ALTRIA GROUP Price and EPS Surprise
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