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That looks like a big opportunity for income investors, given that the S&P 500 is only yielding 1.2% and the average consumer staples stock just 2.5%. But before you rush in to buy Altria, you ...
The stock of Altria (NYSE: MO) was losing ground Wednesday following the tobacco company's recent quarterly report. Its share price was down 4.3% as of 12:30 p.m. ET today, according to data from ...
Altria Group (NYSE: MO) has emerged as a surprising stock market winner in 2024, propelled by an impressive earnings rebound. At the time of this writing, its shares had surged by 41% this year to ...
Yet, Altria Group (NYSE: MO), which sells the leading cigarette brand (Marlboro) in the United States, has turned a one-time $100 investment made in 1972 into more than $4.8 million today.
On March 30, 2007, Altria's 88.1% stake in Kraft Foods was spun off, through a distribution of the remaining stake of shares (88.1%) to Altria shareholders. That same year, Altria began selling all its shares of Philip Morris International to Altria stockholders, a spin-off that was completed on March 28, 2008.
Stodgy tobacco stock Altria Group (NYSE: MO), most known for selling Marlboro cigarettes in the U.S. and paying hefty dividends to its shareholders, has sprung to life this year.The stock has ...