MO ex-dividend on 9/13 (1.0%)
Cigarette maker Altria (ex Philip Morris) will pay a regular quarterly dividend of $0.86 on October 10 if you own the stock at market opening on Wednesday, September 13. It’s a 7.5% increase in its dividend, although many expected a Kraft spin-off. Still a great cash flow generator. Three multibillion-dollar lawsuits have gone in the tobacco industry’s favor recently.