Dividend King Altria Recently Raised Its Quarterly Dividend by Nearly 5%. Is the Stock a Buy?

Altria Group raised its quarterly dividend by 4.7% to $1.11 per share, maintaining its 57-year streak as a Dividend King with a 6.15% yield. However, the company faces headwinds from declining cigarette volumes and concerning cash flow metrics, with dividends paid exceeding free cash flow in the first half of 2026. While the dividend appears sustainable due to management's commitment to the streak, investors should monitor quarterly results closely for balance sheet deterioration.