Altria Group, Inc. (MO) to Issue Quarterly Dividend of $1.06 on July 10th

Altria Group, Inc. (NYSE:MO) declared a quarterly dividend on Thursday, May 14th. Stockholders of record on Monday, June 15th will be paid a dividend of 1.06 per share on Friday, July 10th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, June 15th.

Altria Group has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 56 consecutive years. Altria Group has a payout ratio of 76.5% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Altria Group to earn $5.87 per share next year, which means the company should continue to be able to cover its $4.24 annual dividend with an expected future payout ratio of 72.2%.

Altria Group Trading Up 0.6%

Shares of Altria Group stock opened at $71.83 on Friday. The company has a fifty day simple moving average of $69.40 and a 200-day simple moving average of $64.92. Altria Group has a 12-month low of $54.70 and a 12-month high of $74.56. The stock has a market cap of $119.95 billion, a price-to-earnings ratio of 15.03, a PEG ratio of 2.67 and a beta of 0.46.

Altria Group (NYSE:MO) last issued its earnings results on Thursday, April 30th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. Altria Group had a net margin of 34.34% and a negative return on equity of 298.69%. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $4.58 billion. During the same quarter in the prior year, the business posted $1.23 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Altria Group has set its FY 2026 guidance at 5.560-5.72 EPS. On average, analysts forecast that Altria Group will post 5.68 earnings per share for the current fiscal year.

Insider Buying and Selling at Altria Group

In related news, Director Ellen R. Strahlman sold 2,000 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.56, for a total value of $145,120.00. Following the completion of the sale, the director owned 25,102 shares in the company, valued at $1,821,401.12. This represents a 7.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ennis Debra J. Kelly sold 5,790 shares of the company’s stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $72.25, for a total transaction of $418,327.50. Following the completion of the sale, the director owned 73,809 shares of the company’s stock, valued at approximately $5,332,700.25. This trade represents a 7.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Altria Group

A number of large investors have recently bought and sold shares of the company. Pine Valley Investments Ltd Liability Co raised its position in Altria Group by 2.5% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 44,062 shares of the company’s stock worth $2,927,000 after buying an additional 1,061 shares during the last quarter. Farmers National Bank raised its position in Altria Group by 96.3% during the 1st quarter. Farmers National Bank now owns 10,434 shares of the company’s stock worth $689,000 after buying an additional 5,120 shares during the last quarter. Wealthquest Corp raised its position in Altria Group by 25.9% during the 1st quarter. Wealthquest Corp now owns 6,470 shares of the company’s stock worth $427,000 after buying an additional 1,333 shares during the last quarter. Parallel Advisors LLC raised its position in Altria Group by 3.3% during the 1st quarter. Parallel Advisors LLC now owns 43,552 shares of the company’s stock worth $2,874,000 after buying an additional 1,375 shares during the last quarter. Finally, Optiver Holding B.V. raised its position in Altria Group by 116.4% during the 1st quarter. Optiver Holding B.V. now owns 8,271 shares of the company’s stock worth $546,000 after buying an additional 4,449 shares during the last quarter. Hedge funds and other institutional investors own 57.41% of the company’s stock.

About Altria Group

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.