Altria Group, Inc. (MO) To Go Ex-Dividend on September 15th

Altria Group, Inc. (NYSE:MO) declared a quarterly dividend on Thursday, August 27th. Investors of record on Tuesday, September 15th will be given a dividend of 1.11 per share on Friday, October 9th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 4.7% increase from Altria Group’s previous quarterly dividend of $1.06.

Altria Group has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 56 consecutive years. Altria Group has a dividend payout ratio of 76.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Altria Group to earn $5.84 per share next year, which means the company should continue to be able to cover its $4.24 annual dividend with an expected future payout ratio of 72.6%.

Altria Group Price Performance

Shares of MO opened at $68.68 on Friday. Altria Group has a 12 month low of $54.70 and a 12 month high of $77.06. The stock has a fifty day moving average price of $70.10 and a 200 day moving average price of $68.95. The company has a market cap of $114.68 billion, a P/E ratio of 14.49, a PEG ratio of 2.40 and a beta of 0.46.

Altria Group (NYSE:MO) last posted its earnings results on Thursday, July 30th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.50 by ($0.02). Altria Group had a net margin of 33.99% and a negative return on equity of 315.29%. The company had revenue of $5.36 billion during the quarter, compared to the consensus estimate of $5.35 billion. During the same quarter in the previous year, the business posted $1.44 earnings per share. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. Altria Group has set its FY 2026 guidance at 5.610-5.720 EPS. As a group, research analysts anticipate that Altria Group will post 5.67 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MO. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Altria Group from $60.00 to $66.00 and gave the stock a “hold” rating in a report on Monday, May 4th. Wall Street Zen cut shares of Altria Group from a “buy” rating to a “hold” rating in a research report on Sunday, June 21st. Morgan Stanley set a $71.00 price target on shares of Altria Group in a research note on Friday, May 1st. Weiss Ratings restated a “buy (b)” rating on shares of Altria Group in a research note on Tuesday, July 14th. Finally, Citigroup lifted their price target on Altria Group from $65.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 1st. Five analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Altria Group has a consensus rating of “Hold” and an average target price of $70.11.

Altria Group Company Profile

Altria Group, Inc (NYSE: MO) is a U.S.-based consumer goods company whose principal business is the manufacture and sale of tobacco products. Headquartered in Richmond, Virginia, the company’s operations are focused primarily on the U.S. market and include the production, marketing and distribution of cigarettes, smokeless tobacco and cigars. Its flagship cigarette franchise in the United States is sold through its operating subsidiaries and is among the most recognizable cigarette brands in the country.

Altria’s principal operating businesses include Philip Morris USA (cigarettes), U.S.