Tobacco company Altria Group Inc. (NYSE: MO) exhibited strong financial performance with a 12% year-to-date stock increase, contrasting with a 6% decline in the market. The company reported a healthy 6.9% dividend yield and has a history of raising dividends 59 times in the last 50 years, earning it the status of a Dividend King. Despite a 5% revenue drop to $5.2 billion and a 48% decline in per-share earnings, Altria reaffirmed its full-year guidance, showing resilience in a challenging environment driven by trade wars. Marlboro remains a prominent brand, delivering significant sales and profits.
Altria's stock has increased 12% year to date, outperforming the market which is down 6%, backed by solid earnings and reaffirmed full-year guidance.
Altria also reported a dividend yield of 6.9% and has raised its dividend 59 times in the past 50 years, making it a recognized Dividend King.
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