By Denny Jacob

 

Altria Group Inc. said Thursday that its board increased its quarterly dividend by 4.4% to 94 cents a share from 90 cents.

The maker of Marlboro cigarettes said the dividend is payable on Oct. 11 to shareholders of record as of Sept. 15.

The company said its new annualized dividend rate is $3.76 a share, a dividend yield of 8.2% based on Wednesday's closing price of $45.80.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

August 25, 2022 15:06 ET (19:06 GMT)

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