Welcome to My 3rd 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.
3rd Quarter 2022 Dividend Income. Goal $6,666.67 / Month or $20,000
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 $85.34 and dividend yield 5.85 % (1.28/share $5.13/year) pays a fluctuating dividend based on company results. Altria’s current stock price $44.08 and dividend yield 8.42 % (.94/share $3.76/year) pays a consistent dividend and has raised the dividend 56 times the past 52 years.
Blackstone Group Overview:
New York, October 20, 2022: Blackstone (NYSE:BX) today reported its third quarter 2022 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “We delivered excellent results again in the third quarter. We protected client capital during a period of extreme market turbulence as we have through many challenging cycles in our history. Our clients entrusted us with $45 billion of inflows in the third quarter and $183 billion year to date, and we grew total assets under management 30% year over year to a record $951 billion. The Blackstone brand has never been stronger.”
Blackstone Group Dividend:
Blackstone has declared a quarterly dividend of $0.90 per share to record holders of common stock at the close of business on October 31, 2022. This dividend will be paid on November 7, 2022. 3rd Quarter 2022 Blackstone Group paid $0.90/share or $5,456.88 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:
RICHMOND, Va., August 25, 2022 – (BUSINESS WIRE)–Altria Group, Inc. (NYSE: MO) today announced that our Board of Directors voted to increase our regular quarterly dividend by 4.4% to $0.94 per share versus the previous rate of $0.90 per share. The quarterly dividend is payable on October 11, 2022 to shareholders of record as of September 15, 2022. The ex-dividend date is September 14, 2022.
The new annualized dividend rate is $3.76 per share, representing a dividend yield of 8.2% based on our closing stock price of $45.80 on August 24, 2022.
Today’s dividend increase reflects our intention to return a large amount of cash to shareholders in the form of dividends and is consistent with our long-term objective of a dividend payout ratio target of approximately 80% of our adjusted diluted earnings per share. This increase marks the 57th dividend increase in the past 53 years.
Altria has declared a quarterly dividend of $0.94 per share to record holders of common stock at the close of business on September 15, 2022. This dividend will be paid on October 11, 2022. 3rd Quarter 2022 Altria Group paid $0.94/share or $9,894.70 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.
