Posted 8/30/2023, 11:15:00 AM

Bull Market or Not, There Is 1 Glaring Reason to Own Altria Stock

Altria, a market leader in the tobacco industry, is facing declining revenue due to factors such as inflation and lower cigarette volumes, but its management is implementing a growth plan through acquisitions and increased distribution, while also rewarding shareholders with dividends and stock buybacks.

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8/24/2023

Press Releases – Altria

Altria Group, Inc. announces a 4.3% increase in its regular quarterly dividend, bringing it to $0.98 per share, and adopts a new progressive dividend goal for annual growth.

9/7/2023

Altria: The Market Is Right, It's Cheap For A Reason (NYSE:MO)

Investors are urged to exercise caution when considering adding exposure to tobacco manufacturer Altria Group, as the market seems to be pricing in substantial execution risks, despite the company's improved adjusted EPS in the second quarter. While Altria's valuation metrics and forward dividend yield are attractive, its price action suggests a downtrend bias may emerge, warranting a Hold rating until there is more clarity on buyer support and improved performance in the second half.