Ex-Dividend Reminder: Altria Group, Utz Brands and Garmin

Altria Group (MO), Utz Brands (UTZ), and Garmin (GRMN) will trade ex-dividend on 6/16/25, with respective dividend payments of $1.02, $0.061, and $0.90. This translates to an expected price decrease at open of 1.70% for MO, 0.45% for UTZ, and 0.43% for GRMN, all else being equal; MO's dividend history positions it as a potential future dividend aristocrat. Factoring in annualized yield, Altria Group Inc, Utz Brands Inc, and Garmin Ltd would yield 6.81%, 1.81%, and 1.72% respectively.

Analysis

Altria Group Inc (MO), Utz Brands Inc (UTZ), and Garmin Ltd (GRMN) are scheduled to trade ex-dividend on June 16, 2025. Altria will pay a quarterly dividend of $1.02 per share on July 10, 2025, which, based on its recent stock price of $59.91, represents approximately 1.70% of its value; consequently, MO shares are expected to trade 1.70% lower at the market open on the ex-dividend date, all else being equal. Similarly, Utz Brands will pay $0.061 per share on July 3, 2025, and Garmin will pay $0.90 per share on June 27, 2025, with anticipated price adjustments of 0.45% and 0.43% lower, respectively. Altria Group is highlighted as a "future dividend aristocrats contender" due to its consistent dividend increases for over 17 years. If current dividend rates persist, the estimated annualized yields are 6.81% for Altria, 1.81% for Utz Brands, and 1.72% for Garmin. In recent trading, Altria shares were up approximately 2.3%, while Utz Brands shares declined by about 0.7% and Garmin shares fell by roughly 0.5%. The historical dividend performance, as suggested by the provided charts, is a key factor for investors to consider when evaluating the likelihood of these dividends continuing.

Key Decisions for Investors

• Investors focused on income should note Altria Group's significant 6.81% estimated annualized yield and its consistent dividend growth history, but must anticipate the c. 1.70% share price decrease on the ex-dividend date of June 16, 2025.
• For Utz Brands and Garmin, with lower annualized yields of 1.81% and 1.72% respectively, investors should assess if these returns align with their income strategy, factoring in the expected modest price declines of 0.45% for UTZ and 0.43% for GRMN when they trade ex-dividend.
• It is prudent for investors to examine the dividend history of all three companies to gauge the stability and potential continuation of payouts before making investment decisions, particularly in light of the general unpredictability of dividends tied to company profitability.