Altria Among 7 Dividend Kings To Announce Annual Dividend Increases In August

Altria Group is poised to announce its 56th consecutive annual dividend increase in August, with a predicted 3.7–4.7% boost to $4.40–$4.44. MO continues its transformation toward non-tobacco nicotine products, targeting mid-single-digit EPS and dividend growth through 2028 despite ongoing cigarette sales declines. Predicted forward yield for MO is 6.44–6.50%, underpinned by a 5-year compounded dividend growth rate of 4.1% and consistent EPS delivery. Several Dividend Kings and long-term growers, including Dover, Illinois Tool Works, and American States Water, are also expected to announce mid-single-digit dividend increases. Altria, owner of the leading Marlboro cigarette brand, will announce its 56th year of dividend growth in August.