On August 25th Altria Group has declared a regular quarterly dividend of $0.61 per share, a rise of 8.0%, on its common stock. The dividend will be paid on October 11, 2016, to shareholders of record as of September 15, 2016.
With this announcement, the forward YOC of my position in MO has increased to 7.7% from 7.2%. As I own 301 shares, $734.44 will be paid by MO to me for the next 12 months.
Disclosure: Long MO