Altria Group and Universal Corp are two Dividend Kings yielding at least 5.9% that have annually increased their dividends for at least 50 years. Altria, owner of Marlboro and other tobacco brands, currently yields 5.9% with a projected $4.24 per share annual dividend and a payout ratio around 75% based on adjusted earnings guidance of $5.56 to $5.72 per share. Universal Corp, a global leaf tobacco supplier with a 56-year dividend growth streak, yields 6.5% after raising its quarterly dividend by a penny in May to an annualized $3.32 per share, with analysts projecting adjusted earnings of $4.30 per share for the current fiscal year. Both companies show dividend coverage from earnings and free cash flow, supporting continued modest increases.
Altria GroupArticle highlights Altria's 5.9% dividend yield, 50+ year growth streak, and strong earnings coverage, supporting continued payouts.
Universal CorporationArticle highlights Universal Corp's 6.5% dividend yield, 56-year growth streak, and earnings/FCF coverage, supporting continued payouts.