Altria is the top seller of cigarettes and smokeless tobacco in the US, with stock yielding 7% and an 18% increase in shares over the last year. The company has raised dividends 55 times in 50 years, paying out $32 billion from 2020 to 2024. Despite a 6% revenue decline in the latest quarter, adjusted EPS rose 6%. The firm is considered stable due to its solid balance sheet, especially during economic downturns, and dividends provide a key incentive for investors despite risks associated with its cigarette-focused revenue.
Altria has raised its dividend 55 times in the last 50 years and has paid out $32 billion in dividends between 2020-2024.
In the most recently reported quarter, Altria's revenue declined by 6% to $5.3 billion, but its adjusted EPS increased by 6% to $1.23.
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