Altria Group, Inc. Declares Regular Quarterly Dividend of $0.75 Per Share |
NEW YORK--(BUSINESS WIRE)--Feb. 27, 2008--Regulatory News:
The Board of Directors of Altria Group, Inc. (NYSE: MO) today
declared a regular quarterly dividend of $0.75 per common share,
payable on April 10, 2008, to stockholders of record as of March 19,
2008. The ex-dividend date is March 17, 2008.
In addition, Altria reaffirmed its intention to adjust its current
dividend so that following the distribution of shares of Philip Morris
International (PMI) to Altria stockholders, those stockholders who
retain their Altria Group, Inc. and PMI shares will receive, in the
aggregate, the same dividend dollars as before the distribution of PMI
shares on March 28, 2008.
Following the distribution, PMI's initial annualized dividend rate
will be $1.84 per common share and Altria Group, Inc.'s initial
annualized dividend rate will be $1.16 per common share. All decisions
regarding future dividends will be made independently by the Altria
Group, Inc. Board of Directors and the PMI Board of Directors, for
their respective companies. Additional information about the PMI
spin-off is available at http://www.altria.com/pmispinoff.
CONTACT: Altria Group, Inc.
Nicholas M. Rolli, 917-663-3460
SOURCE: Altria Group, Inc.
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