Altria Group, Inc.
MOConsumer Defensive · Stock · quarterly payer
Forward Yield
6.38%
Annual Dividend
$4.44
Payout Ratio
89%
5-Yr Growth
4.1%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Altria Group, Inc. (MO) yields 6.38% ($4.44 per share annually), with a blended fair-value estimate of $100.03 — +46% upside, so it screens as undervalued. Dividend safety grade: A (80/100). 17 years of dividend growth.
Is MO a good dividend stock?
YesAltria Group, Inc. (MO) pays a quarterly dividend yielding 6.38% ($4.44/yr), with 17 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 17 consecutive years of dividend growth
- 51% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2008
- Elevated payout ratio (89%)
Key Data
- Dividend Yield
- 6.38%
- Payout Ratio
- 89%
- Annual Dividend
- $4.44
- 5-Yr Avg Growth
- 4.1%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 17
- Frequency
- quarterly
- Beta
- 0.49
- Market Cap
- $116.0B
- P/E Ratio
- 14.6
- 5-Yr Total Return
- 51%
- 52-Week Range
- $54.70 – $77.06
- Dividend Safety
- A · 80/100
- Ever Cut?
- Yes (2008)
Frequently Asked Questions
MO Price — Last 12 Months
Daily close
Price Return
1 Year
+4%
3 Years
+63%
5 Years
+51%
52-Week Range
$54.70 – $77.06
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MO worth?
Undervaluedhigh confidenceOur blended fair-value estimate for Altria Group, Inc. is $100.03 per share, versus a market price of $68.65. That implies 46% of upside — a margin of safety of about 31%.
Fair Value
$100.03
Current Price
$68.65
Upside
+46%
Margin of Safety
31%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 3.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 3.7% stage-1 growth, 2.5% terminal growth, $4.82 EPS, $4.24 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MO Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 15, 2026 | — | $1.0600 | regular |
| Mar 25, 2026 | — | $1.0600 | regular |
| Dec 26, 2025 | — | $1.0600 | regular |
| Sep 15, 2025 | — | $1.0600 | regular |
| Jun 16, 2025 | — | $1.0200 | regular |
| Mar 25, 2025 | — | $1.0200 | regular |
| Dec 26, 2024 | — | $1.0200 | regular |
| Sep 16, 2024 | — | $1.0200 | regular |
| Jun 14, 2024 | — | $0.9800 | regular |
| Mar 22, 2024 | — | $0.9800 | regular |
| Dec 20, 2023 | — | $0.9800 | regular |
| Sep 14, 2023 | — | $0.9800 | regular |
| Jun 14, 2023 | — | $0.9400 | regular |
| Mar 23, 2023 | — | $0.9400 | regular |
Income Calculator
At $4.44 / yr per share
