Welcome to My 4th 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 their 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.
4th Quarter 2023 Dividend Income. Goal $6,666.67 / Month or $20,000 / Quarter
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 $124.77 and dividend yield 2.75 % (.83/share $3.32/year) pays a fluctuating dividend based on company results. Altria’s current stock price $39.99 and dividend yield 9.82 % (.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, January 25, 2024: Blackstone (NYSE:BX) today reported its fourth quarter and full year 2023 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone reported strong fourth-quarter results, as we exited a volatile year for global markets. The quarter reflected strong momentum across the business, including a meaningful acceleration in fund-raising and investment activity. We are exceptionally well positioned for the road ahead with nearly $200 billion of dry powder capital to invest.”
Blackstone Group Dividend:
Blackstone has declared a quarterly dividend of $0.94 per share to record holders of common stock at the close of business on February 5, 2024. This dividend will be paid on February 12, 2024. 4th Quarter 2023 Blackstone paid $0.94 / share or $5,699.41 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 declared a regular quarterly dividend of $0.98 per share, payable on January 10, 2024 to shareholders of record as of December 21, 2023. The ex-dividend date is December 20, 2023.
The new annualized dividend rate is $3.92 per share, representing a dividend yield of 9.82% based on our closing stock price of $39.99 on January 25, 2024.
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.
4th 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.