Altria Group Inc., formerly Philip Morris, recently achieved a six-year high in its share price with a 4.8% increase to $62.61. This rise was attributed to an 8% growth in earnings per share, despite a 2% decrease in revenue. Altria has updated its 2025 earnings forecast, demonstrating profitability and ongoing growth. Known for its 6.6% dividend yield, Altria has successfully raised dividends for 56 years, returning $32 billion to shareholders since 2020, primarily due to shifts toward new oral tobacco products even amid declining cigarette sales.
Altria recently reached a six-year high in share price, driven by an 8% rise in earnings per share despite a 2% revenue drop. The stock increased 4.8% to $62.61, marking its highest value since November 2018.
Altria continues to be a top choice in the S&P 500, known for its impressive 6.6% dividend yield and consistent payouts. The company has increased its dividend for 56 consecutive years.
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