Welcome to My 3rd Quarter 2023 Dividend Report. This Report is dedicated to tracking my quarterly dividend income. Many of you already know I love Growth and Income stocks as a great way to beat inflation while companies pay you to wait while they execute there growth plans. My Goal is to average $6,666.67 / month or $20,000 / quarter in dividend income. 1st Quarter 2022 I blew past my goal of $5,666 / month or $17,000 / quarter dividend income and I raised my goal to $6,666.67 / month or $20,000 / quarter dividend income.
3rd Quarter 2023 Dividend Income. Goal $6,666.67 / Month or $20,000
My dividend income is devised of investments in Altria (MO) in the Tobacco Industry and Blackstone Group (BX) in the Asset Management Industry. Blackstone Group current stock price $102.30 and dividend yield 3.34 % (.855/share $3.42/year) pays a fluctuating dividend based on company results. Altria’s current stock price $43.12 and dividend yield 9.09 % (.98/share $3.92/year) pays a consistent dividend and has raised the dividend 58 times the past 54 years.
Blackstone Group Overview:
New York, October 19, 2023: Blackstone (NYSE:BX) today reported its third quarter 2023 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone delivered resilient third-quarter
results despite challenging markets. Our investors continue to benefit from our strong sector selection — nearly all of our flagship strategies outperformed public benchmarks. Our exceptional long-term track record, unique breadth and the power of our brand allowed us to raise over $25 billion of capital, and we are well positioned with record
dry powder of $200 billion to deploy in a dislocated environment.”
Blackstone Group Dividend:
Blackstone has declared a quarterly dividend of $0.80 per share to record holders of common stock at the close of business on October 30, 2023. This dividend will be paid on November 6, 2023. 3rd Quarter 2023 Blackstone paid $0.80 / share or $4,856.56 based on 6,063.205 shares owned.
Altria Group Overview:
RICHMOND, Va.–(BUSINESS WIRE)– Altria Group, Inc. (NYSE: MO) today reports our 2023 first-quarter business results and reaffirms our guidance for 2023 full-year adjusted diluted earnings per share (EPS).
“We are off to a strong start and believe our businesses are on track to deliver against full-year plans,” said Billy Gifford, Altria’s Chief Executive Officer. “Our tobacco businesses performed well in a challenging macroeconomic environment. We delivered strong adjusted diluted EPS growth of 5.4%, and we announced exciting progress toward our Vision.”
“We reaffirm our guidance to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13. This range represents an adjusted diluted EPS growth rate of 3% to 6% from a $4.84 base in 2022.”
Altria Group Dividend:
RICHMOND, Va.–(BUSINESS WIRE)– Altria Group, Inc. (NYSE: MO) today announced that our Board of Directors voted to increase our regular quarterly dividend by 4.3% to $0.98 per share versus the previous rate of $0.94 per share. The quarterly dividend is payable on October 10, 2023 to shareholders of record as of September 15, 2023. The ex-dividend date is September 14, 2023.
The new annualized dividend rate is $3.92 per share, representing a dividend yield of 9.1% based on our closing stock price of $43.12 on August 23, 2023.
Today’s dividend increase is consistent with our new progressive dividend goal that we established at our 2023 Investor Day that targets mid-single digits dividend per share growth annually. This increase marks the 58th dividend increase in the past 54 years.
3rd quarter 2023 Altria Group paid $0.98/share or $10,315.75 based on 10,526.275 shares owned.
This is why Growth and Dividend stocks make good Money Sense. I will see you next quarter and report news and distribution.