Exhibit 99.1 ALTRIA REPORTS 2024 FIRST-QUARTER RESULTS; REAFFIRMS FULL-YEAR GUIDANCE RICHMOND, Va. - April 25, 2024 - Altria Group, Inc. (NYSE: MO) today reports our 2024 first-quarter business results and reaffirms our guidance for 2024 full-year adjusted diluted earnings per share (EPS). “We made meaningful progress in pursuit of our Vision, and our highly profitable traditional tobacco businesses continued to perform well in a challenging environment,” said Billy Gifford, Altria’s Chief Executive Officer ...

As Altria Group, Inc. (MO) prepares to unveil its first-quarter 2024 earnings on Apr 25, investors are keenly observing the company's performance amidst a challenging landscape. With a projected decline in both top and bottom-line figures, the upcoming earnings release prompts a critical question: Should you buy Altria ahead of this event?The Zacks Consensus Estimate for the to-be-reported quarter’s revenues is pegged at $4.7 billion, suggesting a drop of 1.1% from the prior year’s levels, however, indicati ...

A tax refund is your money, not the government's. Put those funds to good use.Tax refund day is the most wonderful time of the year for some. It's not every day that cash appears in your bank account, seemingly by magic. According to the Internal Revenue Service, or IRS, this year's average refund so far has been $3,011.I know -- it's tempting to spend that money and splurge to treat yourself. But consider this before booking that vacation you've been waiting for: A tax refund isn't free money. It's wages y ...

The company hasn't declared a dividend payout raise this year, but after bumping it up 54 years in a row, investors can look forward to further gains.Cigarette smoking has been in decline for decades, but that hasn't stopped Altria Group (MO 1.91%) from making heaps of dividend payments to satisfied shareholders. The company behind the leading Marlboro brand raised its quarterly payout 58 times over the past 54 years.In 2023, Altria distributed about $6.8 billion worth of dividend payments. The stock offers ...

You don't have to be rich to get your money to start working for you.If you're looking for dividend-paying stocks among members of the S&P 500, finding a yield high enough to inspire a purchase can be extra challenging these days. The average dividend-paying stock in the benchmark index offers a paltry 1.39% yield.If you have just $100 available to invest, you could buy shares of both Altria Group (MO 1.91%), and AT&T (T 1.10%). These S&P 500 stocks offer yields above 6% right now. When it comes to eye-popp ...

These two stocks both have safe yields topping 8%.Investors often have different goals. Some investors may be looking to simply get the highest returns possible, while others may be looking for a solid stream of income that comes from dividends.For the latter group, determining whether a stock's dividend is safe is of the utmost importance. Dividends can be cut due to underlying issues, which isn't something income-oriented investors like to see and usually causes a stock to tumble. As such, it is often bes ...

Massimo Giachetti Investment Thesis Dividend income producing companies allow you to benefit immediately from your investments without the need to sell a single position. Such companies are particularly attractive to investors because they can help cover living expenses, such as groceries and utility bills, finance leisure activities, support travel, contribute to your children's education expenses, or provide funds for reinvestment. Imagine receiving a regular income from your current investments that ...

JamesBrey MO is yielding 9.55% now Altria Group (NYSE:MO) is currently undervalued by a large margin, as you can tell from the charts below. The chart shows its dividend yield compared to its historical average and its price-to-operation cash flow (“CFO”) ratio compared to its historical average. In terms of dividend yield. Its current yield, as shown in the top panel of the chart, is about 9.43% and 9.55% on an FWD basis as of this writing (BTW, it is a dividend champion). It is not only far above the ...

How long can price increases sustain a declining business?Altria Group (MO -1.02%) stock has long beaten the odds. Since the release of the Surgeon General's report on smoking 60 years ago, usage has declined and tobacco companies like Altria had to pay out hundreds of billions of dollars in legal settlements.These challenges didn't prevent Altria's stock or dividend from rising. However, with tobacco consumption continuing to fall, the company hasn't found other revenue sources to compensate for this drop. ...

Consumers’ growing health consciousness and shift toward reduced-risk products have driven tobacco players like Altria Group, Inc. (MO) to focus on smoke-free options. Going with the trend, the tobacco giant has adapted its strategy by introducing various oral tobacco, e-vapor and heated tobacco offerings.Also, the company has been benefiting from its solid pricing power as although higher pricing might lead to a possible decline in cigarette consumption, it is seen that smokers tend to absorb price increas ...