Core Viewpoint - Altria Group is experiencing a resurgence in stock performance, with a 30% total return for shareholders in 2025, outperforming the market over the past five years [1] Financial Performance - Altria's dividend yield is currently at 6.25%, significantly higher than the market average, providing stable cash flows to investors [2] - Despite a 10% year-over-year decline in cigarette volumes, Altria's smokeable products segment grew operating earnings by 4.4% to $2.9 billion, driven by price increases and growth in the cigars segment [3][4] - The company has reduced its shares outstanding by 14% over the last five years through stock buybacks, which supports an increase in dividend per share [7][8] Strategic Initiatives - Altria is focusing on alternative nicotine products to drive long-term growth, having acquired the NJOY electronic vaping brand and seeing a 26.5% year-over-year volume growth in its On! nicotine pouch brand [10][11] - Management has time to invest in these new categories before traditional cash flows from cigarettes diminish, but significant growth in these areas will be necessary for future relevance [12] Investment Considerations - Altria is recommended for its current dividend yield and growth potential, while investors should monitor the performance of its new nicotine products for signs of success [13]