Here's How Many Shares of Altria Group You Should Own to Get $1,000 in Yearly Dividends

Need dividend income? You can't do much better than tobacco giant Altria (NYSE: MO). Not only has it paid a dividend like clockwork every quarter for decades now, it has raised its per-share payout every year for the past 55 years. Indeed, in four of those years, Altria raised its quarterly dividend payment twice.But this recommendation also raises a question: How much Altria stock would you need to own to collect, say, $1,000 worth of dividend income from this name in 2025?Based on its current quarterly payment of $1.02 per share, 245 shares of this ticker would do the trick. This number will presumably be changing before the year comes to a close, of course. That's because Altria's dividend increases are typically announced in August, taking effect for its September and December quarterly payments. But, without knowing how much of an increase awaits (and not being able to outright guarantee a 56th annual payout increase is in the cards for 2025), we're only able to come up with such a number based on known, current data.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool