How long has Altria been paying dividends? (2024)

How long has Altria been paying dividends?

Historical dividend payout and yield for Altria (MO) since 1972. The current TTM dividend payout for Altria (MO) as of February 16, 2024 is $3.92. The current dividend yield for Altria as of February 16, 2024 is 9.76%.

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Is Altria a good dividend stock?

But regardless of your stance toward them, cigarette makers are famous for paying huge dividends. Altria Group (NYSE: MO) has raised its payouts 58 times over the past 54 years, and it yields a whopping 10% at its current share price.

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Will Altria raise its dividend in 2024?

Shrinking revenues in early 2023 didn't stop Altria from raising its dividend in August -- the company's 58th payout hike in 54 years. At recent share prices, the dividend yields a huge 9.4%, and another raise in August 2024 seems likely.

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Is Altria a dividend trap?

Altria Group (MO 0.03%) has increased its dividend 58 times in the past 54 years and has generally been one of the most stable dividend stocks to own. And today, the yield is an incredible 9.2%.

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What is the dividend growth rate of Altria?

As of today, Altria Group Inc currently has a 12-month trailing dividend yield of 9.00% and a 12-month forward dividend yield of 9.29%. This suggests an expectation of increased dividend payments over the next 12 months. Over the past three years, Altria Group Inc's annual dividend growth rate was 3.90%.

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Is Altria a good long term investment?

While Altria has a high dividend yield and places a high priority on annual increases, with sluggish sales and earnings growth, I'd sell Altria shares. Dividend investors can find better alternatives that continue to increase sales and earnings to support higher payments for a long time.

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What is the safest dividend stock?

Kinder Morgan (NYSE: KMI), Equinix (NASDAQ: EQIX), and Lockheed Martin (NYSE: LMT) are three super-safe dividend stocks because they generate contractually secured cash flow and have strong financial profiles. That makes them great options for those seeking to fortify their dividend income in 2024 and beyond.

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What will Altria stock be worth in 5 years?

Long-Term Altria Group Stock Price Predictions
YearPredictionChange
2025$ 40.982.12%
2026$ 41.844.28%
2027$ 42.736.49%
2028$ 43.648.75%
2 more rows

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Has Altria stock ever split?

A: Yes. We have posted a history of dividends and stock splits since 1989.

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What is the future of Altria stock?

Based on 5 Wall Street analysts offering 12 month price targets for Altria Group in the last 3 months. The average price target is $41.82 with a high forecast of $50.00 and a low forecast of $36.09. The average price target represents a 4.08% change from the last price of $40.18.

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Who owns the most Altria stock?

Largest shareholders include Vanguard Group Inc, BlackRock Inc., Capital World Investors, State Street Corp, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Charles Schwab Investment Management Inc, VFINX - Vanguard 500 Index Fund Investor Shares, Geode Capital Management, Llc, SCHD - Schwab U.S. ...

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Should I keep Altria stock?

Is Altria Group stock A Buy? Altria holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How long has Altria been paying dividends? (2024)
Is Altria a good stock to own?

While Altria has a high dividend yield and places a high priority on annual increases, with sluggish sales and earnings growth, I'd sell Altria shares. Dividend investors can find better alternatives that continue to increase sales and earnings to support higher payments for a long time.

What is the highest paying dividend stock?

Comparison Results
NamePriceDividend Yield
MO Altria Group$40.189.56%
T AT&T$16.976.54%
XRX Xerox$18.595.38%
IBM International Business Machines$187.643.53%
5 more rows

What is Altria 10 year dividend growth rate?

In addition to its bargain valuation, Altria also boasts a tantalizing 9.7% dividend yield, a long history of dividend hikes, and a 10-year dividend growth rate of 8.33%.

What is the highest paying monthly dividend stock?

Table Of Contents
  • High-Yield Monthly Dividend Stock #4: AGNC Investment Corporation (AGNC)
  • High-Yield Monthly Dividend Stock #3: ARMOUR Residential REIT (ARR)
  • High-Yield Monthly Dividend Stock #2: Ellington Residential Mortgage REIT (EARN)
  • High-Yield Monthly Dividend Stock #1: Orchid Island Capital (ORC)
Feb 9, 2024

What is the highest Altria stock has ever been?

Historical daily share price chart and data for Altria since 1970 adjusted for splits and dividends. The latest closing stock price for Altria as of February 09, 2024 is 40.11. The all-time high Altria stock closing price was 48.79 on June 19, 2017.

Why does Altria pay such high dividends?

Altria spends close to $1.7 billion every quarter on its dividend. And in three of the past four quarters, it has generated free cash flow of at least $2.5 billion. This again suggests that the dividend is sustainable as. Over the past four quarters, its payout ratio based on free cash flow is 79%.

Does Altria have a lot of debt?

Altria Group has a total shareholder equity of $-3.5B and total debt of $26.2B, which brings its debt-to-equity ratio to -751.7%. Its total assets and total liabilities are $38.6B and $42.1B respectively. Altria Group's EBIT is $12.1B making its interest coverage ratio 12.2.

What are the three best dividend stocks?

They pay above-average-yielding dividends that grow each year. Enterprise Products Partners (NYSE: EPD), NextEra Energy (NYSE: NEE), and Brookfield Infrastructure (NYSE: BIPC)(NYSE: BIP) stand out to three Fool.com contributors for their incredible ability to pay dividends.

What dividend stock to buy and hold forever?

Investors seeking passive income for decades could consider investing in shares of Bank of Montreal (TSX:BMO). Notably, this financial services company has paid a dividend for 195 years. Moreover, its dividend sports a CAGR of 5% in the last 15 years. Its ability to consistently grow its earnings supports its payouts.

Is there a downside to dividend stocks?

One downside to investing in stocks for the dividend is an eventual cap on returns. The dividend stock may pay out a sizable rate of return, but even the highest yielding stocks with any sort of stability don't pay out more than ~10% annually in today's low interest rate environment, except in rare circ*mstances.

How often does Altria MO pay dividends?

Altria Group, Inc.'s ( MO ) ex-dividend date is December 20, 2023 , which means that buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment. Altria Group, Inc. ( MO ) pays dividends on a quarterly basis.

Is Altria Group undervalued?

Altria Group (MO)

Altria Group (NYSE:MO) is among the most undervalued dividend stocks to buy at current levels. MO stock trades at a forward price-earnings ratio of 8.5 and offers a dividend yield of 9.2%.

What is Altria stock prediction for 2025?

Future price of the stock is predicted at 85.302465011135$ (112.751% ) after a year according to our prediction system. This means that if you invested $100 now, your current investment may be worth 212.751$ on 2025 February 14, Friday.

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