Welcome to My 3rd Quarter 2020 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 $5,000/month or $15,000/quarter in dividend income.
3rd Quarter 2020 Dividend Income
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 $51.87 and dividend yield 3.59 % (.47/share $1.86/year) pays a fluctuating dividend based on company results. Altria’s current stock price $37.17 and dividend yield 8.92 % (.86/share $3.44/year) pays a consistent dividend and has raised the dividend 54 times the past 50 years.
Dividend:
Blackstone has declared a quarterly dividend of $0.54 per share to record holders of Class A common stock at the close of business on November 9, 2020. This dividend will be paid on November 16, 2020. 3rd Quarter 2020 Blackstone Group paid $0.54/share or $3,274.13 based on 6,063.205 shares owned. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone reported excellent results in the third quarter, characterized by strong investment performance and earnings growth. We are also seeing positive forward momentum in both realizations and deployment. We remain the partner of choice for limited partners globally, who face a challenging investment environment of historically low interest rates. As the pandemic continues to disrupt the global economy and society at large, our people remain unwavering in their dedication to serving our clients.”
Dividend:
Altria Group has declared a quarterly dividend of $0.54 per share to record holders of Class A common stock at the close of business on November 9, 2020. This dividend will be paid on November 16, 2020. 3rd Quarter 2020 Altria Group paid $0.86/share or $9,052.60 based on 10,526.275 shares owned.
Altria Group, Inc. (Altria) (NYSE: MO) today announces its 2020 third quarter and nine-months business results and narrows its 2020 adjusted diluted earnings per share (EPS) guidance.
“Altria continued to demonstrate its resilience during the third quarter while navigating the challenges presented by the COVID-19 pandemic,” said Billy Gifford, Altria’s Chief Executive Officer. “In the third quarter, our tobacco businesses delivered strong financial performance once again and we continued to make progress against our 10-year Vision.” “Based on our year-to-date results and insight into an additional quarter of ABI earnings contributions, we’re narrowing our full-year 2020 adjusted diluted EPS guidance by raising the lower end of the range. We now expect to deliver adjusted diluted EPS in a range of $4.30 to $4.38, representing a growth rate of 2% to 4% from an adjusted diluted EPS base of $4.21 in 2019.”
This is why Growth and Dividend stocks make good Money Sense. I will see you next quarter and report news and distribution.
