5 Dividend Aristocrats Under $60 You Can Buy in September

4. Altria Group, Inc. (NYSE:MO)

Share Price as of September 5: $45.00
Dividend Yield as of September 5: 8.36%

Altria Group, Inc. (NYSE:MO) is one of the largest producers of tobacco and related products, headquartered in Virginia, US. The company remained committed to shareholder return in Q2 2022, paying $1.6 billion in dividends. In addition to this, it also repurchased shares worth over $507 million. The company generated $5.3 billion in revenue during the quarter.

On August 25, Altria Group, Inc. (NYSE:MO) declared a 4% hike in its quarterly dividend to $0.94 per share. This was the company’s 53rd consecutive year of dividend growth. The stock’s dividend yield was recorded at 8.36% on September 5.

As of the close of Q2 2022, Altria Group, Inc. (NYSE:MO) was a part of 48 hedge fund portfolios, compared with 47 in the previous quarter. The stakes owned by these hedge funds hold a collective value of over $1.83 billion, down from $1.9 billion in the preceding quarter.