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Altria raises quarterly dividend

Tobacco products maker Altria Group Inc. on Aug. 22 increased its regular quarterly dividend to 84 cents per common share, compared to the previous rate of 80 cents per common share.

The dividend is payable Oct. 10 to shareholders of record as of Sept. 16.

Altria also revised its annualized dividend rate to $3.36 per common share, constituting a 7.3% yield based on the Marlboro maker's closing stock price of $46.25 on Aug. 21.