By Kimberly Chin

 

Altria Group Inc. increased its quarterly dividend by 4.7%, the company said Thursday.

The company's new dividend is 90 cents a share, up from its previous dividend of 86 cents a share.

The dividend will be payable on Oct. 12 to shareholders of record as of Sept. 15. The ex-dividend date will be Sept. 14, it said.

The annual dividend rate will now be $3.60 a share.

 

Write to Kimberly Chin at kimberly.chin@wsj.com

 

(END) Dow Jones Newswires

August 26, 2021 16:17 ET (20:17 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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