Altria Group raised its quarterly dividend by 4.7% to $1.11 per share, an annualized payout of $4.44 per share and a yield of over 6.5%. The increase, announced Aug. 27, extends Altria's streak as a Dividend King to 57 consecutive years of paying and raising its annual dividend. In the first half of 2026, Altria reported net revenue of over $11.5 billion, up 1.6% from the same period in 2025, while adjusted diluted earnings per share grew nearly 5%. Smokeable product shipment volume declined 2.7% and oral tobacco product shipment volume fell 6% in the half, though On! volume rose 5.1%. The new dividend would pay out $2.22 over six months, roughly 79% of adjusted diluted earnings through the first half of 2026, while free cash flow of nearly $2.9 billion came in below the nearly $3.6 billion in dividends paid before the increase, and cash and equivalents fell to nearly $2.4 billion at the end of June from nearly $4.5 billion at the end of 2025.
Altria GroupAltria raised its quarterly dividend 4.7% to $1.11 per share, extending its 57-year Dividend King streak.
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