Welcome to My 1st Quarter 2023 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 2023 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 $86.55 and dividend yield 5.05 % (1.10/share $4.40/year) pays a fluctuating dividend based on company results. Altria’s current stock price $45.74 and dividend yield 8.05 % (.94/share $3.76/year) pays a consistent dividend and has raised the dividend 57 times the past 53 years.
Blackstone Group Overview:
New York, April 20, 2023: Blackstone (NYSE:BX) today reported its first quarter 2023 results. Stephen A. Schwarzman, Chairman and Chief Executive Officer, said, “Blackstone’s first-quarter results highlight the exceptional strength and stability of our firm. We protected our limited partners’ capital in volatile markets, and they entrusted us with $40 billion of inflows in the quarter. Our successful fundraising initiatives position us with nearly $200 billion of dry powder capital, an industry record, ahead of what we believe will be an attractive environment for deployment.”
Blackstone Group Dividend:
Blackstone has declared a quarterly dividend of $0.82 per share to record holders of common stock at the close of business on May 1, 2023. This dividend will be paid on May 8, 2023. 1st Quarter 2023 Blackstone paid $0.82 / share or $4,971.83 based on 6,063.205 shares owned.
Altria Group Overview:
RICHMOND, Va.–(BUSINESS WIRE)– Altria Group, Inc. (NYSE: MO) today reports our 2023 first-quarter business results and reaffirms our guidance for 2023 full-year adjusted diluted earnings per share (EPS).
“We are off to a strong start and believe our businesses are on track to deliver against full-year plans,” said Billy Gifford, Altria’s Chief Executive Officer. “Our tobacco businesses performed well in a challenging macroeconomic environment. We delivered strong adjusted diluted EPS growth of 5.4%, and we announced exciting progress toward our Vision.”
“We reaffirm our guidance to deliver 2023 full-year adjusted diluted EPS in a range of $4.98 to $5.13. This range represents an adjusted diluted EPS growth rate of 3% to 6% from a $4.84 base in 2022.”
Altria Group Dividend:
RICHMOND, Va.–(BUSINESS WIRE)– Altria Group, Inc. (NYSE: MO) today announced that our Board of Directors declared a regular quarterly dividend of $0.94 per share, payable on April 28, 2023 to shareholders of record as of March 24, 2023. The ex-dividend date is March 23, 2023.
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 March 24, 2023. This dividend will be paid on April 28, 2023. 1st Quarter 2023 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.