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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.
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?
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.
And NJOY's market share jumped 2.8 points versus the prior year to 6.2%. This is all very good news and to many suggests that Altria has finally found a product that will help it offset the ...
UST Inc. [3] was a holding company, [4] the biggest producer of snuff and chewing tobacco, [5] whose subsidiaries included U.S. Smokeless Tobacco Company and International Wine & Spirits Ltd., which in turn is a holding company of Chateau Ste. Michelle Wine Estates, a vintner of premium wines.
Altria's stock is up by more than 30% over the past year, with a recent, and sizable, post-earnings jump. Is it worth this price?
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