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On March 30, 2007, Altria's 88.1% stake in Kraft Foods was spun off, through a distribution of the remaining stake of shares (88.1%) to Altria shareholders. That same year, Altria began selling all its shares of Philip Morris International to Altria stockholders, a spin-off that was completed on March 28, 2008.
The deal was worth roughly $2.2 billion at a $61.50 share price. AB InBev agreed to buy $200 million of ordinary shares directly from Altria, per the SEC filing outlining the sale.
The company also has a strong balance sheet, leveraged at a reasonable 2.1 times Altria's EBITDA, not including an $8.2 billion stake in Anheuser-Busch InBev. Altria stock yields 7.7% at its ...
Number of shares needed. Altria Group started paying a quarterly dividend of $1.02 per share in October, up from $0.98. That works out to $4.08 per year for each share of Altria stock.
Altria stock appears to offer a reliable 8% dividend yield. Is it too good to be true?
Stodgy tobacco stock Altria Group (NYSE: MO), most known for selling Marlboro cigarettes in the U.S. and paying hefty dividends to its shareholders, has sprung to life this year.The stock has ...
Altria's stock is up by more than 30% over the past year, with a recent, and sizable, post-earnings jump. ... Shares of Altria (NYSE: MO) have had a great run over the past year, gaining more than ...
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.