Welcome to My 4th 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.
4th 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 $65.37 and dividend yield 3.46 % (.565/share $2.26/year) pays a fluctuating dividend based on company results. Altria’s current stock price $42.74 and dividend yield 8.23 % (.86/share $3.44/year) pays a consistent dividend and has raised the dividend 54 times the past 50 years.
Dividend: Blackstone (BX) has declared a quarterly dividend of $0.96 / share to record holders of class A common stock at the close of business on February 8, 2021. This dividend will be paid on February 16, 2021. 4th quarter Blackstone paid $0.96 / share or $5,820.68 based on 6,063.205 shares owned. Record holders of Class A common stock at the close of business on February 8, 2021. This dividend will be paid on February 16, 2021.
January 27, 2021: Blackstone (NYSE:BX) today reported its fourth quarter and full year 2020 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone achieved record results in the fourth quarter. Despite the highly challenged economic backdrop in 2020, we continued to deliver differentiated investment performance for our limited partners, leading to nearly $100 billion of capital inflows – the fourth consecutive year at this level or better. Looking forward, we have an extraordinary range of growth initiatives across every area of the firm, with an increasing focus on perpetual capital. The firm ended 2020 in a position of strength and we have great confidence in the path ahead.”
Dividend:
January 28, 2021:Altria Group (MO) has declared a quarterly dividend of $0.86 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. 4th Quarter 2020 Altria Group paid $0.86/share or $9,052.60 based on 10,526.275 shares owned.
RICHMOND, Va. – January 28, 2021 – Altria Group, Inc. (Altria) (NYSE: MO) today reports its 2020 fourth quarter and full-year business results, provides guidance for 2021 full-year adjusted diluted earnings per share (EPS) and announces that its Board of Directors (Board) has authorized a new $2 billion share repurchase program. “Altria delivered outstanding results in 2020 and managed through the challenges presented by the COVID-19 pandemic,” said Billy Gifford, Altria’s Chief Executive Officer. “Our tobacco businesses were resilient and we made steady progress toward our 10-year Vision to responsibly transition adult smokers to a noncombustible future.” “Our plans for the year ahead include accelerating investments in support of our 10-year Vision, which we expect to fund through the continued financial strength of our tobacco businesses. We expect to deliver 2021 full year adjusted diluted EPS in a range of $4.49 to $4.62, representing a growth rate of 3% to 6% from an adjusted diluted EPS base of $4.36 in 2020.”
This is why Growth and Dividend stocks make good Money Sense. I will see you next quarter and report news and distribution.
