Quote:
Originally Posted by bigfrank
2 weeks ago I got MO in the high 19 range pays $0.75 cents a share or (13.4%)
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Frank -- hate to give you bad news, but...
On March 31, Altria Group (MO) spun off Philip Morris (PM). The $0.75 quarterly dividend paid on 4/10 was a pre-split dividend, and PM took the lion's share of the dividend after the split ($0.46 quarterly).
Sorry -- your dividend rate will be nowhere near 13.4%.
Kurt
