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Altria boosts regular quarterly dividend 10.3 pct

LOS ANGELES
Thu Aug 28, 2008 11:43am EDT

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LOS ANGELES (Reuters) - Altria Group Inc (MO.N) said on Thursday its board of directors voted to increase the company's regular quarterly dividend 10.3 percent to 32 cents per share from 29 cents per share.

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The new dividend for Altria, which sells the dominant Marlboro brand but operates only in the United States, represents an annualized rate of $1.28 per common share.

The dividend is payable on Oct 10 to stockholders of record as of Sept 15.

(Reporting by Lisa Baertlein)
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