Welcome to My 2nd 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.
$6,666.67 / month or $20,000 / quarter
2nd 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 $95.58 and dividend yield 4.51 % (1.28/share $5.13/year) pays a fluctuating dividend based on company results. Altria’s current stock price $42.35 and dividend yield 8.38 % (.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, July 21, 2022: Blackstone (NYSE:BX) today reported its second quarter 2022 results.
Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “We delivered exceptional financial results for our shareholders in the second quarter despite a challenging market backdrop. Blackstone’s flagship strategies again outperformed public markets and our investors entrusted us with $88 billion of inflows, which represented the second highest quarter of inflows in our 36-year history. This is a testament to our long-term performance, deep client relationships, and the unmatched scale and breadth of our global investment platform.”
Blackstone issued a full detailed presentation of its second quarter 2022 results, which can be viewed at http://www.blackstone.com.
Blackstone Group Dividend:
Blackstone has declared a quarterly dividend of $1.27 per share to record holders of common stock at the close of business on August 1, 2022. This dividend will be paid on August 8, 2022. 2nd Quarter 2022 Blackstone Group paid $1.27/share or $7,700.27 based on 6,063.205 shares owned.
Altria Group Overview:
RICHMOND, Va. – July 28, 2022 – Altria Group, Inc. (NYSE: MO) today reports its 2022 second-quarter and first-half business results and reaffirms its guidance for 2022 full-year adjusted diluted earnings per share (EPS). “Our tobacco businesses performed well in a challenging macroeconomic environment for the first half of the year,” said Billy Gifford, Altria’s Chief Executive Officer. “The smokeable products segment delivered solid operating companies income growth behind the resilience of Marlboro, and our moist smokeless tobacco
brands continued to drive profitability. We also continued to make progress toward our Vision through the investments we laid out in January, which included supporting the expansion of on!. We are encouraged by on!’s retail momentum and significant share growth since achieving unconstrained capacity last summer.” “We believe this is a pivotal point in the U.S. tobacco industry. The FDA has the opportunity to create a mature, regulated marketplace of smoke-free products that can successfully realize tobacco harm reduction and improve the lives of millions of adult smokers. We share the FDA’s goal to transition adult smokers away from cigarettes, but we continue to believe that harm reduction, not prohibition, is the best path forward.” “Our financial plans for the year remain on track, and 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.”
Altria Group Dividend:
Altria Group, Inc. (NYSE:MO) declared a quarterly dividend on Thursday, May 19th. Following the Annual Meeting, the Board declared a regular quarterly dividend of $0.90 per share, payable on July 11, 2022, to shareholders of record as of June 15, 2022. The ex-dividend date is June 14, 2022. Future dividend payments remain subject to the discretion of the Board.
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 May 19, 2022. This dividend will be paid on July 11, 2022. 2nd 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.