Model portfolio name Altria (MO:NYSE) raised its quarterly
dividend earlier today to $0.52 a share (4.9% yield). This
Alert is an update on the company and we’re not recommending
any trades for the model portfolio.
Investors at the close of trading on Sept. 10 will qualify for
the payment on Oct. 10. Altria has increased its payout 48
times in the past 45 years and management has pledged to
return about 80% of earnings to shareholders.
The stock is trading fractionally higher along with the
broader market today, with the shares recently changing hands
around $42.60. We consider the stock attractive to purchase at
David S. Peltier
As we use this low-volume period to conduct research, this issue includes four updates on model portfolio names and two dividend reminders.
This issue includes reviews of nine recent quarterly reports, one company update and two dividend reminders.
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