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3 Forgotten Dividend Stocks With a Yield of Over 5%
InvestorPlace· 2024-02-28 15:07
Before discussing about some undervalued and attractive dividend stocks, let’s briefly talk about the investing psychology.A Forbes article on “The Psychology of Investing” points out that “investors tend to lose not because of economic conditions but because of human psychology.”I am in complete agreement with this view and training the mind is a prerequisite of successful investing. One of the commonly made errors is to chase a stock in the limelight and ultimately buy at overvalued levels. An appropriate ...
Investors Heavily Search Altria Group, Inc. (MO): Here is What You Need to Know
Zacks Investment Research· 2024-02-28 15:01
Altria (MO) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this owner of Philip Morris USA, the nation's largest cigarette maker have returned +1.1%, compared to the Zacks S&P 500 composite's +4% change. During this period, the Zacks Tobacco industry, which Altria falls in, has gained 0.4%. The key question now is: What could be the stock's future direct ...
Altria(MO) - 2023 Q4 - Annual Report
2024-02-26 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 1-08940 ALTRIA GROUP, INC. (Exact name of registrant as specified in its charter) Virginia 13-3260245 (State or other jurisdiction of (I.R.S. Employ ...
What's Next For Altria Stock After A 15% Fall In A Year?
Forbes· 2024-02-26 13:00
UKRAINE - 2023/03/06: In this photo illustration, a NJOY logo is seen on a smartphone and Altria ... [+] Group logo in the background. (Photo Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesAltria (NYSE: MO) reported its Q4 results earlier this month, with revenues missing and earnings marginally above the street estimates. The company reported adjusted revenue of $5.02 billion and adjusted profit of $1.18 per share compared to the consensus est ...
3 Tobacco Stocks Grabbing Attention on Solid Industry Trends
Zacks Investment Research· 2024-02-23 14:36
The Zacks Tobacco industry participants have been focused on strengthening their arms in the smoke-free product arena owing to consumers’ rising health consciousness. Strong pricing power has also been working well for tobacco players.These upsides have been helping companies navigate a tough industry landscape, wherein inflation has impacted Adult Tobacco Consumers’ (“ATC”) spending patterns, thereby affecting companies’ volumes. All said, Philip Morris International Inc. (PM) , Altria Group, Inc. (MO) and ...
Altria Group, Inc. (MO) CEO Billy Gifford Presents at Consumer Analyst Group of New York Conference Transcript
2024-02-21 22:54
Altria Group, Inc. (NYSE:MO) Consumer Analyst Group of New York Conference February 21, 2024 1:00 PM ET Company Participants Billy Gifford - CEO Sal Mancuso - CFO Conference Call Participants Bonnie Herzog - Goldman Sachs Ann Gurkin - Davenport Unidentified Analyst All right. Good afternoon, everyone. We to get started here in a second. I hope everyone enjoyed lunch. It is my privilege once again to welcome Altria back to CAGNY. Joining us today are Chief Executive Officer, Billy Gifford, Chief Financial Of ...
Universal Corporation: Tobacco Leader Offers Compelling 6.4% Dividend Yield
Seeking Alpha· 2024-02-21 19:12
Alexandr Screaghin /iStock via Getty Images Universal Corporation (NYSE:UVV) reported its latest quarterly result, highlighted by steady growth and profitability. The company, recognized as the world's largest supplier of raw tobacco leaf, has benefited from strong pricing, helping to balance ongoing industry headwinds on the volume side. The attraction here is that even as cigarette sales are down globally, the rise of smokeless tobacco products including vaporizers and oral nicotine pouches has worked ...
Altria Presents as Part of the Consumer Analyst Group of New York Conference; Reaffirms 2024 Full-Year Earnings Guidance
Businesswire· 2024-02-21 17:00
RICHMOND, Va.--(BUSINESS WIRE)--Altria Group, Inc. (Altria) (NYSE: MO) is participating in the Consumer Analyst Group of New York Conference in Boca Raton, Florida today. Billy Gifford, Altria’s Chief Executive Officer, and Sal Mancuso, Altria’s Executive Vice President and Chief Financial Officer, will highlight our exciting progress toward our Vision, discuss how our traditional tobacco businesses continue to support our strategies and provide more detail on our long-term growth aspirations. “I’m confi ...
Why I Won't Touch This Nearly 10% Yielding Dividend Stock With a 10-Foot Pole
The Motley Fool· 2024-02-15 13:05
I'm a huge fan of most dividend stocks. I love investing in companies that pay sizable dividends that steadily increase. That's because they'll supply me with a growing income stream, which should eventually provide me with enough passive income to retire.Given my fondness for big dividends, Altria Group (MO 0.42%) would seem to fit my strategy. It pays a 9.7%-yielding dividend that it has increased 58 times in the last 54 years. However, I won't touch the stock with a 10-foot pole. Here's why. An alluring ...
Altria: Q4 Results Show This Dividend King Can Still Double Your Money Every 7 Years
Seeking Alpha· 2024-02-12 20:53
Anton Petrus/Moment via Getty Images Altria (NYSE:MO) is a "Dividend King" and there are only about 55 companies that currently qualify for this title. To make this list, a company needs to have at least 50 years of consecutive dividend increases. Altria has a 54-year history of consecutive dividend increases. The company has been able to do this in spite of major regulations and in spite of declines in tobacco usage, which is impressive. The tobacco industry has consistently been able to make up for re ...