Altria Group Inc., the Henrico County-based parent company of cigarette maker Philip Morris USA, said its board of directors has agreed to raise the quarterly dividend 10.3 percent.
Shareholders as of Sept. 15 will receive a dividend Oct. 10 of 32 cents per share, up from 29 cents.
The ex-dividend date is Sept. 11, meaning investors who buy that date or later are not entitled to the October dividend payment.
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