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What Are Altria’s and Philip Morris’s Dividend Policies?

Ralph Nathan
Updated
What Are Altria’s and Philip Morris’s Dividend Policies?

On March 1, 2018, Altria Group (MO) announced dividends of $0.70 per share to be paid on April 10, 2018, to shareholders of record as of March 15, 2018. Altria also rewards its shareholders with share repurchases, which reduce the number of shares outstanding, thus boosting the company’s EPS (earnings per share). The company’s management also authorized a new $1 billion share repurchase program in January 2018, which is expected to be completed in 2018.

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