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Altria's biggest business is selling cigarettes and cigarettes are going out of style, which most people realize. But did you know this fact?
Calendar · Oct 28, 2023 Create, share, or subscribe to a calendar Learn how to stay in touch with the people in your life by creating, sharing, or subscribing to a calendar.
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Altria and Japan Tobacco announced a joint venture called Horizon Innovations LLC on October 27, 2022. Horizon, owned 75 percent by Altria and 25 percent by Japan Tobacco, intends to sell Ploom heated tobacco sticks in the United States. FDA approval was expected to take until 2025, with customers able to buy Ploom by 2027. [21]
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Cigarette volume fell 9.7% in 2022, 9.9% in 2023, and 10.6% through the first three quarters of 2024. Yes, Altria is offering a high yield, but dividend investors need to recognize that the yield ...
The main thing about Altria that's likely attracting investors is its ultra-high 7% dividend yield and the fact that the dividend has risen with each passing year for several decades now.