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Altria to raise dividends for 56th year with 3.7-4.7% increase amid shift to non-tobacco products

Company Fundamentals
01 Aug 2026
Seeking Alpha
View Source
Bullish
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Altria Group is set to announce its 56th consecutive annual dividend increase in August, with a predicted rise of 3.7% to 4.7%, bringing dividends to $4.40–$4.44 per share. Despite ongoing declines in cigarette sales, Altria is transforming its business towards non-tobacco nicotine products and aims for mid-single-digit growth in earnings per share and dividends through 2028. The company’s forward dividend yield is expected to be around 6.44% to 6.50%, supported by a consistent 5-year dividend growth rate of 4.1%. Other long-term dividend growers like Dover and Illinois Tool Works are also expected to announce similar dividend increases.

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