Welcome to My 4th 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.
4th 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 $89.90 and dividend yield 5.56 % (1.235/share $4.94/year) pays a fluctuating dividend based on company results. Altria’s current stock price $44.98 and dividend yield 8.37 % (.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, January 26, 2023: Blackstone (NYSE:BX) today reported its fourth quarter and full year 2022 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Despite one of the most challenging market backdrops in history, Blackstone delivered for our clients in 2022. We protected investor capital by focusing on the right sectors, leading to an additional $226 billion of inflows for the year, including $43 billion in the fourth quarter. Our total assets under management grew to a record $975 billion, up 11% year over year. We now have a record $187 billion of dry powder capital to take advantage of compelling investment opportunities in a dislocated environment.”
Blackstone Group Dividend:
Blackstone has declared a quarterly dividend of $0.91 per share to record holders of common stock at the close of business on February 6, 2023. This dividend will be paid on February 13, 2023. 4th Quarter 2022 Blackstone Group paid $0.91/share or $5,517.52 based on 6,063.205 shares owned.
Altria Group Overview:
RICHMOND, Va.–(BUSINESS WIRE)– Altria Group, Inc. (NYSE: MO) today reports our 2022 fourth-quarter and full-year business results and provides our guidance for 2023 full-year adjusted diluted earnings per share (EPS). “It was an exciting year for Altria as our businesses delivered strong financial performance, and we continued to strategically invest toward our Vision,” said Billy Gifford, Altria’s Chief Executive Officer. “We generated strong adjusted diluted EPS growth of 5% and made meaningful progress in several areas of our smoke-free portfolio.” “Our plans for 2023 include a continuation of our strategy to balance earnings growth and shareholder returns with strategic investments toward our Vision. We expect to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13, representing a growth rate of 3% to 6% from a base of $4.84 in 2022.”
Altria Group Dividend:
RICHMOND, Va., December 12, 2022 – (BUSINESS WIRE)–Altria Group, Inc. (NYSE: MO) today announced regular quarterly dividend of $0.94 per share. The quarterly dividend is payable on January 10, 2023 to shareholders of record as of December 22, 2022. The ex-dividend date is December 21, 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 December 12, 2022. This dividend will be paid on January 10, 2023. 4th 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.