Welcome to My 1st Quarter 2021 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.
1st Quarter 2021 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 $82.93 and dividend yield 2.81 % (.6725/share $2.69/year) pays a fluctuating dividend based on company results. Altria’s current stock price $47.26 and dividend yield 7.23 % (.86/share $3.44/year) pays a consistent dividend and has raised the dividend 54 times the past 50 years.
April 22,2021: Blackstone has declared a quarterly dividend of $0.82 per share to record holders of common stock at the close of business on May 3, 2021. This dividend will be paid on May 10, 2021. 1st Quarter 2021 Blackstone paid $0.82/share or $4,971.83 based on 6,063.205 shares owned.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone reported another exceptional quarter. We continue to deliver on our core mission of generating outstanding returns for investors. Our brand is powering robust growth, increasingly in perpetual capital strategies, and driving an important shift toward more recurring earnings. We ended the quarter with record assets under management of $649 billion, up 21% year-over-year.
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.