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Altria Group, Inc. (previously known as Philip Morris Companies, Inc. until 2003) is an American corporation and one of the world's largest producers and marketers of tobacco, cigarettes, and medical products in the treatment of illnesses caused by tobacco.
In 2001, Kraft Foods launched an initial public offering (IPO) for 11.1% of the company that took in $8.7 billion, making it the second-largest IPO in American history at the time. [ 9 ] In 2002, Miller Brewing and South African Breweries became SABMiller , the second-largest maker of beer in the world, though Philip Morris kept an interest in ...
Part of the problem is Altria's continued dependence on smokeable products, which still represent most of the business. The segment accounted for 89% of Altria's operating income in Q3 2024.
Altria (NYSE: MO) owns the Marlboro brand, which has a roughly 41% market share in North America. If history is any guide, Altria's cigarette business will continue to worsen over the next three ...
With a forward dividend yield of 7.5%, it's no secret what attracts most investors to Altria Group (NYSE: MO). The company is a dividend darling, having increased its payout every year since 2009.
This page was last edited on 28 August 2010, at 02:44 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may ...
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