Welcome to My 1st Quarter 2022 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.
1st Quarter 2022 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 $124.18 and dividend yield 3.74 % (1.14/share $4.56/year) pays a fluctuating dividend based on company results. Altria’s current stock price $56.03 and dividend yield 6.50 % (.90/share $3.60/year) pays a consistent dividend and has raised the dividend 56 times the past 52 years.
Blackstone Group Overview:
New York, April 21, 2022: Blackstone (NYSE:BX) today reported its first quarter 2022 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “The first quarter represented one of the best in Blackstone’s 36-year history despite an extremely challenging market backdrop. Our flagship strategies delivered significant outperformance for investors while our powerful platform expansion continued with $50 billion of inflows in the quarter. This translated once again to exceptional financial results for our shareholders.”
Blackstone Group Dividend:
Blackstone has declared a quarterly dividend of $1.32 per share to record holders of common stock at the close of business on May 2, 2022. This dividend will be paid on May 9, 2022. 1st Quarter 2022 Blackstone Group paid $1.32/share or $8,003.43 based on 6,063.205 shares owned.
Altria Group Overview:
RICHMOND, Va. – April 28, 2022 – Altria Group, Inc. (NYSE: MO) today reports its 2022 first-quarter business results and reaffirms its guidance for 2022 full-year adjusted diluted earnings per share (EPS). “We are off to a strong start to the year and believe our businesses are on track to deliver against their full-year plans. Our tobacco businesses performed well in a challenging macroeconomic environment and we continued to make progress toward our Vision to responsibly lead the transition of adult smokers to a smoke-free future,” said Billy Gifford, Altria’s Chief Executive Officer. “We reaffirm our guidance to deliver 2022 full-year adjusted diluted EPS in a range of $4.79 to $4.93. This range represents an adjusted diluted EPS growth rate of 4% to 7% from a $4.61 base in 2021. We continue to expect that adjusted diluted EPS growth will be weighted toward the second half of the year.”
Altria Group Dividend:
Altria Group, Inc. (NYSE:MO) declared a quarterly dividend on Friday, February 25th. Stockholders of record on Friday, March 25th will be given a dividend of 0.90 per share on Friday, April 29th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 6.89%. The ex-dividend date of this dividend is Thursday, March 24th.
Altria Group has increased its dividend payment by 5.5% over the last three years and has increased its dividend every year for the last 13 years. Altria Group has a payout ratio of 70.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Altria Group to earn $5.15 per share next year, which means the company should continue to be able to cover its $3.60 annual dividend with an expected future payout ratio of 69.9%.
Altria has declared a quarterly dividend of $0.90 per share to record holders of common stock at the close of business on March 25, 2022. This dividend will be paid on April 29, 2022. 1st Quarter 2022 Altria Group paid $0.90/share or $9,473.65 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.