Current Yield
5.90%
TTM Dividend/Share
$4.24
Payment Frequency
Quarterly
Payout Ratio
88.7%
Consecutive Growth Years
17 (Dividend Contender)
Key takeaways
- Dividend Contender — Altria Group (MO) has raised its dividend for 17 consecutive years.
- Altria Group (MO) currently yields 5.90%, paying $4.24 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 88.7% — the share of earnings distributed as dividends.
- 6 of 7 dividend safety checks passed.
- 5-year dividend CAGR of 4.12% (growth is decelerating).
Dividend yield valuation for Altria Group (MO)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 5.90% |
1-year average yield | 7.20%now 1.30 pp below |
3-year average yield | 8.12%now 2.22 pp below |
5-year average yield | 7.94%now 2.04 pp below |
MO: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Altria Group (MO)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | 10.0% |
FCF payout ratio | 20.6% |
Net debt / EBITDA | 1.8x |
Interest coverage | 10.29x |
ROIC (TTM) | 40.3% |
Dividend safety score for Altria Group (MO)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
6 of 7 checks passed
Payout ratio below 75%
Payout ratio is 88.7%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $1.6B — FCF fully covers the payout.
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
17 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 20.6%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.8x.
Dividend growth ≤ earnings growth (5Y)
N/A — earnings base is negative, CAGR not computable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
227 payments from 1970 to 2026 · Adj. Dividend is split-adjusted
| Jun 15, 2026 | Jul 10, 2026 | $1.0600 | $1.0600 |
| Mar 25, 2026 | Apr 30, 2026 | $1.0600 | $1.0600 |
| Dec 26, 2025 | Jan 9, 2026 | $1.0600 | $1.0600 |
| Sep 15, 2025 | Oct 10, 2025 | $1.0600 | $1.0600 |
| Jun 16, 2025 | Jul 10, 2025 | $1.0200 | $1.0200 |
| Mar 25, 2025 | Apr 30, 2025 | $1.0200 | $1.0200 |
| Dec 26, 2024 | Jan 10, 2025 | $1.0200 | $1.0200 |
| Sep 16, 2024 | Oct 10, 2024 | $1.0200 | $1.0200 |
| Jun 14, 2024 | Jul 10, 2024 | $0.9800 | $0.9800 |
| Mar 22, 2024 | Apr 30, 2024 | $0.9800 | $0.9800 |
| Dec 20, 2023 | Jan 10, 2024 | $0.9800 | $0.9800 |
| Sep 14, 2023 | Oct 10, 2023 | $0.9800 | $0.9800 |
- Jun 15, 2026$1.0600
- Mar 25, 2026$1.0600
- Dec 26, 2025$1.0600
- Sep 15, 2025$1.0600
- Jun 16, 2025$1.0200
- Mar 25, 2025$1.0200
- Dec 26, 2024$1.0200
- Sep 16, 2024$1.0200
- Jun 14, 2024$0.9800
- Mar 22, 2024$0.9800
- Dec 20, 2023$0.9800
- Sep 14, 2023$0.9800
Historical dividend yield for Altria Group (MO)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 7.20%5Y: 7.94%10Y: 6.72%
Dividend per share for Altria Group (MO)
CAGR (per year)1Y: 4.00%5Y: 4.12%10Y: 6.72%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 1970 | $0.01 | 3 |
| 1971 | $0.01 | 4 |
| 1972 | $0.01 | 4 |
| 1973 | $0.01 | 4 |
| 1974 | $0.02 | 4 |
| 1975 | $0.02 | 4 |
| 1976 | $0.02 | 4 |
| 1977 | $0.03 | 4 |
| 1978 | $0.04 | 4 |
| 1979 | $0.05 | 4 |
| 1980 | $0.07 | 4 |
| 1981 | $0.08 | 4 |
| 1982 | $0.10 | 4 |
| 1983 | $0.12 | 4 |
| 1984 | $0.14 | 4 |
| 1985 | $0.17 | 4 |
| 1986 | $0.21 | 4 |
| 1987 | $0.26 | 4 |
| 1988 | $0.34 | 4 |
| 1989 | $0.42 | 4 |
| 1990 | $0.52 | 4 |
| 1991 | $0.64 | 4 |
| 1992 | $0.78 | 4 |
| 1993 | $0.87 | 4 |
| 1994 | $1.01 | 4 |
| 1995 | $1.03 | 4 |
| 1996 | $1.47 | 4 |
| 1997 | $1.60 | 4 |
| 1998 | $1.68 | 4 |
| 1999 | $1.84 | 4 |
| 2000 | $2.02 | 4 |
| 2001 | $2.22 | 4 |
| 2002 | $2.44 | 4 |
| 2003 | $2.64 | 4 |
| 2004 | $2.82 | 4 |
| 2005 | $3.06 | 4 |
| 2006 | $3.32 | 4 |
| 2007 | $24.96 | 5 |
| 2008 | $52.74 | 5 |
| 2009 | $1.32 | 4 |
| 2010 | $1.46 | 4 |
| 2011 | $1.58 | 4 |
| 2012 | $1.70 | 4 |
| 2013 | $1.84 | 4 |
| 2014 | $2.00 | 4 |
| 2015 | $2.17 | 4 |
| 2016 | $2.35 | 4 |
| 2017 | $2.54 | 4 |
| 2018 | $3.00 | 4 |
| 2019 | $3.28 | 4 |
| 2020 | $3.40 | 4 |
| 2021 | $3.52 | 4 |
| 2022 | $3.68 | 4 |
| 2023 | $3.84 | 4 |
| 2024 | $4.00 | 4 |
| 2025 | $4.16 | 4 |
| 2026 | $2.12 | 2 |
Dividend growth for Altria Group (MO)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $4.1600 | — | — |
| 2025 | $4.0000 | $4.1600 | +4.0% |
| 2024 | $3.8400 | $4.0000 | +4.2% |
| 2023 | $3.6800 | $3.8400 | +4.3% |
| 2022 | $3.5200 | $3.6800 | +4.5% |
| 2021 | $3.4000 | $3.5200 | +3.5% |
| 2020 | $3.2800 | $3.4000 | +3.7% |
| 2019 | $3.0000 | $3.2800 | +9.3% |
| 2018 | $2.5400 | $3.0000 | +18.1% |
| 2017 | $2.3500 | $2.5400 | +8.1% |
| 2016 | $2.1700 | $2.3500 | +8.3% |
| 2015 | $2.0000 | $2.1700 | +8.5% |
| 2014 | $1.8400 | $2.0000 | +8.7% |
| 2013 | $1.7000 | $1.8400 | +8.2% |
| 2012 | $1.5800 | $1.7000 | +7.6% |
| 2011 | $1.4600 | $1.5800 | +8.2% |
| 2010 | $1.3200 | $1.4600 | +10.6% |
| 2009 | $52.7400 | $1.3200 | -97.5% |
| 2008 | $24.9590 | $52.7400 | +111.3% |
| 2007 | $3.3200 | $24.9590 | +651.8% |
| 2006 | $3.0600 | $3.3200 | +8.5% |
| 2005 | $2.8200 | $3.0600 | +8.5% |
| 2004 | $2.6400 | $2.8200 | +6.8% |
| 2003 | $2.4400 | $2.6400 | +8.2% |
| 2002 | $2.2200 | $2.4400 | +9.9% |
| 2001 | $2.0200 | $2.2200 | +9.9% |
| 2000 | $1.8400 | $2.0200 | +9.8% |
| 1999 | $1.6800 | $1.8400 | +9.5% |
| 1998 | $1.6000 | $1.6800 | +5.0% |
| 1997 | $1.4667 | $1.6000 | +9.1% |
| 1996 | $1.0333 | $1.4667 | +41.9% |
| 1995 | $1.0100 | $1.0333 | +2.3% |
| 1994 | $0.8667 | $1.0100 | +16.5% |
| 1993 | $0.7833 | $0.8667 | +10.6% |
| 1992 | $0.6367 | $0.7833 | +23.0% |
| 1991 | $0.5160 | $0.6367 | +23.4% |
| 1990 | $0.4168 | $0.5160 | +23.8% |
| 1989 | $0.3375 | $0.4168 | +23.5% |
| 1988 | $0.2625 | $0.3375 | +28.6% |
| 1987 | $0.2063 | $0.2625 | +27.3% |
| 1986 | $0.1667 | $0.2063 | +23.7% |
| 1985 | $0.1417 | $0.1667 | +17.6% |
| 1984 | $0.1208 | $0.1417 | +17.2% |
| 1983 | $0.1000 | $0.1208 | +20.8% |
| 1982 | $0.0833 | $0.1000 | +20.0% |
| 1981 | $0.0667 | $0.0833 | +25.0% |
| 1980 | $0.0520 | $0.0667 | +28.2% |
| 1979 | $0.0427 | $0.0520 | +21.9% |
| 1978 | $0.0325 | $0.0427 | +31.2% |
| 1977 | $0.0240 | $0.0325 | +35.7% |
| 1976 | $0.0193 | $0.0240 | +24.3% |
| 1975 | $0.0161 | $0.0193 | +19.4% |
| 1974 | $0.0140 | $0.0161 | +15.0% |
| 1973 | $0.0131 | $0.0140 | +6.8% |
| 1972 | $0.0126 | $0.0131 | +4.3% |
| 1971 | — | $0.0126 | — |
- 2026—
- 2025$4.1600
- 2024$4.0000
- 2023$3.8400
- 2022$3.6800
- 2021$3.5200
- 2020$3.4000
- 2019$3.2800
- 2018$3.0000
- 2017$2.5400
- 2016$2.3500
- 2015$2.1700
- 2014$2.0000
- 2013$1.8400
- 2012$1.7000
- 2011$1.5800
- 2010$1.4600
- 2009$1.3200
- 2008$52.7400
- 2007$24.9590
- 2006$3.3200
- 2005$3.0600
- 2004$2.8200
- 2003$2.6400
- 2002$2.4400
- 2001$2.2200
- 2000$2.0200
- 1999$1.8400
- 1998$1.6800
- 1997$1.6000
- 1996$1.4667
- 1995$1.0333
- 1994$1.0100
- 1993$0.8667
- 1992$0.7833
- 1991$0.6367
- 1990$0.5160
- 1989$0.4168
- 1988$0.3375
- 1987$0.2625
- 1986$0.2063
- 1985$0.1667
- 1984$0.1417
- 1983$0.1208
- 1982$0.1000
- 1981$0.0833
- 1980$0.0667
- 1979$0.0520
- 1978$0.0427
- 1977$0.0325
- 1976$0.0240
- 1975$0.0193
- 1974$0.0161
- 1973$0.0140
- 1972$0.0131
- 1971$0.0126
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
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