Altria Group, Inc. (MO) to Distribute Quarterly Dividend of $1.11 on October 9th

Altria Group, Inc. (NYSE:MO) declared a quarterly dividend on Thursday, August 27th. Stockholders of record on Tuesday, September 15th will be paid a dividend of 1.11 per share on Friday, October 9th. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 4.7% increase from Altria Group’s previous quarterly dividend of $1.06.

Altria Group has raised its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 56 consecutive years. Altria Group has a dividend payout ratio of 80.1% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Altria Group to earn $5.84 per share next year, which means the company should continue to be able to cover its $4.44 annual dividend with an expected future payout ratio of 76.0%.

Altria Group Stock Up 0.3%

Shares of MO opened at $69.01 on Friday. The company’s fifty day moving average is $69.41 and its two-hundred day moving average is $69.11. Altria Group has a fifty-two week low of $54.70 and a fifty-two week high of $77.06. The firm has a market cap of $115.23 billion, a PE ratio of 14.56, a price-to-earnings-growth ratio of 2.45 and a beta of 0.45.

Altria Group (NYSE:MO) last posted its quarterly earnings data on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). The firm had revenue of $5.36 billion for the quarter, compared to analysts’ expectations of $5.35 billion. Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 EPS. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, equities research analysts anticipate that Altria Group will post 5.67 earnings per share for the current year.

About Altria Group

Altria Group, Inc (NYSE: MO) is a tobacco and nicotine company headquartered in Richmond, Virginia. Through its operating companies, Altria develops, manufactures and markets cigarettes, cigars, oral tobacco products, nicotine pouches and electronic vaping products, with its business focused primarily on the United States.

Altria’s smokeable products portfolio includes Marlboro cigarettes, which are manufactured and marketed in the U.S. by Philip Morris USA, as well as Black & Mild cigars through John Middleton.