UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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 o ...

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 ...

Group 1: Dividend-Paying Stocks Overview - The average dividend yield for S&P 500 stocks is currently 1.39%, making it challenging to find attractive options [1] - Altria Group and AT&T are highlighted as stocks with yields above 6%, specifically 9.5% and 6.9% respectively [1][2][5] - High dividend yields often indicate market concerns about the underlying businesses, which is the case for both Altria and AT&T [1] Group 2: Altria Group - Altria Group, known for Marlboro cigarettes, has seen a 9.9% decline in cigarette shipments in 2023 compared to the previous year [2] - Despite competition from illicit e-vapor products, Altria reported a 2.3% increase in adjusted earnings per share in 2023 [2] - The company has raised its dividend payout 58 times over the past 54 years, indicating a strong commitment to returning value to shareholders [3] - The FDA's enforcement actions against illicit e-vapor products may benefit Altria in the future [4] Group 3: AT&T - AT&T reduced its dividend payout by 47% in 2022 but currently offers a 6.9% yield, with potential for future payout increases [5] - The company added 1.7 million postpaid phone customers and 1.1 million AT&T Fiber subscribers in the last year, leading to revenue growth of 4.4% and 8.3% respectively [5] - AT&T's net debt was $128.9 billion at the end of 2023, but management expects to reduce the debt-to-EBITDA ratio from 2.97 to 2.5 by the first half of 2025 [6] - Capital investments are projected to decrease from $23.6 billion in 2023 to between $21 billion and $22 billion in 2024, which could enhance profitability and support dividend increases [6]

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. ...