(Reuters) – Altria Group topped quarterly sales expectations on Thursday, driven by higher pricing and rising demand for alternatives to conventional tobacco products. Like other tobacco giants, Altria has been revamping its portfolio of products to keep up with consumers switching from traditional tobacco products to vapes or other alternatives and as inflation-hit smokers switched […]
Cigarette smoking has been in decline for decades, but that hasn’t stopped Altria Group (NYSE: MO) from making heaps of dividend payments to satisfied shareholders. The company behind the leading Marlboro brand raised its quarterly payout 58 times over the past 54 years. In 2023, Altria distributed about $6.8 billion worth of dividend payments. The […]
Altria (NYSE: MO) is the type of company that can bring emotion into the investment process. A so-called “sin” stock, investors need to consider if they want to support a company that produces cigarettes. If you can get beyond that fact, though, you still aren’t done with the buy, sell, or hold decision on this […]
Altria (NYSE: MO) and British American Tobacco (NYSE: BTI) are two of the largest cigarette companies in the world. They both offer massive dividend yields, with Altria at 9.3% and British American Tobacco at 9.8%. That’s in fact the main reason that most investors will be interested in either of these two companies. But which […]
Altria (NYSE: MO) is often considered a stable long-term investment for dividend investors. It’s the largest tobacco company in America, its stock trades at just 9 times forward earnings, and it pays a hefty forward dividend yield of 8.8%. Yet, Altria has generated dismal returns for those patient investors. Over the past five years, its […]
(Bloomberg) — Altria Group Inc. is seeking to sell a portion of its stake in Anheuser-Busch InBev SA for as much as $2.2 billion to help fund its own share repurchases. Most Read from Bloomberg Altria, which sells Marlboro cigarettes in the US, owns about 10% the beermaker. It will sell the AB InBev stock […]
Tobacco stocks have long been ripe territory for income investors, and after years of consolidation and decline, the industry has been whittled down to three major players: Altria (NYSE: MO) and Philip Morris International (NYSE: PM), which were once part of the same company; and British American Tobacco. BAT deserves consideration from income investors open […]
There was a time when Altria Group (NYSE: MO) — back when it was still called Philip Morris — was a powerhouse of a company. Although the tobacco giant has faced predictable problems linked to the health risks of smoking since the 90s, it’s still managed to grow its top and bottom lines between then […]
Retirees and other income-focused investors must wade through an ocean of dividend stocks to find high-yield investments that can afford their lofty payout. The market won’t pay as much for a stock with a suspect dividend. The lower share price creates a higher yield. But some stocks, like Altria Group (NYSE: MO) and AT&T (NYSE: […]
Smoking cigarettes has become increasingly unpopular since the public learned about the many health hazards of the habit decades ago. Yet, the tobacco industry has remained relevant, though it has boiled down to a small handful of large players. Two of those companies, Altria Group (NYSE: MO) and British American Tobacco (NYSE: BTI), have become […]
Altria (NYSE: MO) knows exactly why investors buy its stock: the big, fat dividend. That’s why the consumer staples company focuses so hard on raising the dividend every year. But with the dividend yield at 9.6%, dividend investors should take a very cautious approach to the cigarette maker. That yield is more likely a warning […]
Altria (NYSE: MO) has a huge 9.4% dividend yield. For a consumer staples company, that is shockingly high. However the dividend has been increased annually for years, so some dividend investors might see this as an income opportunity. It probably isn’t, and a quick look at the company’s most important business will help explain why. […]