6 Of The Highest Yielding Dividend Kings to Buy and Hold Forever ShutterstockProfessional / Shutterstock.com The stock market has been on an incredible roll in one of the hottest bull markets in years. Every month since October, the market has been up as the groundswell of attention to Artificial Intelligence has driven a frenzy for everything AI. The 5-month winning streak is the longest since 2013.The problem for investors, especially those starting to suffer from the dreaded disease FOMO (fear of missi ...

I have two big problems with Altria (MO -0.09%). Even with those concerns, I was actually a little excited when the company announced that it was selling some of its holdings in Anheuser-Busch InBev (BUD -0.10%). And then Altria management blew a hole in what I thought should have been the next step (investing in the business) by announcing that it was going to buy back billions of dollars of its own stock.Altria just proved again why it's not a stock that most investors should own. Here's why. Altria's yie ...

DNY59 We previously covered Anheuser-Busch InBev SA/NV (BUD) in November 2023, discussing its (still) impacted sales volume in the North American region, with losses intensifying as the management had to provide financial assistance to its wholesalers. Then again, we had maintained our Buy rating, with the management's successful marketing efforts in other regions contributing to its excellent FY2023 guidance and the promising consensus forward estimates through FY2025. In this article, we shall discuss ...

One of the best ways to support portfolio growth is to invest in high-quality dividend stocks. But with so many dividend stocks, trying to choose the best opportunity can be daunting.Recent moves from management could suggest that Altria (MO -2.25%) is a good buy right now. Let's find out if the stock is undervalued and assess if Altria deserves a spot in your portfolio.Big tobacco is at a crossroadsFor the 12 months ended Dec. 31, 2023, the cigarette industry at large experienced an 8% volume decline. On t ...

One year ago, Anheuser-Busch InBev (NYSE: BUD) – Bud Light when translated into regular English – faced a severe backlash after an ill-conceived marketing campaign featuring Dylan Mulvaney, a trans influencer.The campaign turned into a controversy which, in turn, led to a boycott that caused – at one point – a stock market bloodbath that saw BUD fall from about $64 in April to approximately $55 in September. While the boycott persisted into the fourth quarter of 2023, a surprisingly strong earnings report r ...

The latest trading session saw Anheuser-Busch Inbev (BUD) ending at $59.29, denoting a -1.3% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.68%, and the technology-dominated Nasdaq saw an increase of 0.2%.Coming into today, shares of the brewer had lost 5.58% in the past month. In that same time, the Consumer Staples sector gained 1.81%, while the S&P 500 gained 5.11%.The investment community will be paying ...

These are three St. Patrick’s Day stocks for investors to add to their portfolios. I believe these companies will see a boost in sales and consumer interest around the March 17th holiday celebrating Irish culture.However, I don’t expect them to be simply short-term performers. While the festive St. Patrick’s Day period provides an annual revenue tailwind, the companies I’ve identified have solid, long-term fundamentals and growth strategies that make them attractive holdings year-round.What’s better is thes ...

RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (Altria) (NYSE: MO) today announces that we entered accelerated share repurchase (ASR) transactions under separate agreements with Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC on March 15, 2024, to repurchase $2.4 billion of our common stock. Under the terms of the ASR agreements, on March 19, 2024, we received an initial share delivery of approximately 85% of the shares to be repurchased, based on the closing price per share of our common stock on ...

Altria (MO 1.28%) is pouring out some of its Anheuser-Busch InBev (BUD -5.50%) stock. The move is leaving BUD holders with a bad taste in their mouth, sending shares of the spirits maker down 5% as of 11:30 a.m. ET.Trading drinks for tobaccoAltria, the global tobacco giant, has been a major shareholder of beer and spirits maker Anheuser-Busch InBev for nearly a decade, having acquired cash and shares as part of AB InBev's 2016 acquisition of SABMiller.Late Wednesday, Altria announced plans to raise more tha ...

Anheuser-Busch InBev Budweiser and Bud Light brand beer cans at a store in Queens borough of New York, US, on Wednesday, Feb. 28, 2024.Shares of AB InBev, the world's biggest brewer, slipped more than 4% Thursday as trading resumed following a brief suspension amid emerging details of a sale by one of its major stakeholders.Trading was suspended Thursday morning at the request of Belgium's Financial Services and Markets Authority (FSMA) after U.S. tobacco giant Altria said Wednesday that it would cut its ap ...