MO · Earnings call · 2026Q3T · Full report
Capital Return Program
ALTRIA GROUP, INC. · 2026-10-29 · Importance 69 · Surprise 50 · In source text
Altria returned more than $6 billion to shareholders in the first nine months of 2026, including $5.3 billion in dividends and $735 million in share repurchases. In August, the Board increased the quarterly dividend 4.7% to $1.11 per share, the company's 61st increase in 57 years. The Board also authorized a $1 billion expansion of the existing share repurchase program, which expires on December 31, 2027. Management said the dividend increase is consistent with its goal of mid-single-digit annual dividend growth.
Key facts
- Altria's Board authorized a $1 billion expansion of its existing share repurchase program in October 2026.
- Altria returned over $6 billion to shareholders in the first 9 months of 2026, including $5.3 billion in dividends and $735 million in share repurchases.
- Altria's $1 billion-expanded share repurchase program expires December 31, 2027.
- In August 2026, Altria's Board increased the quarterly dividend 4.7% to $1.11 per share, its 61st increase in 57 years.
- Altria announced its 61st dividend increase in 57 years in August 2026.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -17.5% | Altria returned over $6 billion to shareholders in the first 9 months of 2026, including $5.3 billion in dividends and $735 million in… |
| cash | negative | committed | -1.2% | Altria's Board authorized a $1 billion expansion of its existing share repurchase program in October 2026. |