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Yet, Altria Group (NYSE: MO), which sells the leading cigarette brand (Marlboro) in the United States, has turned a one-time $100 investment made in 1972 into more than $4.8 million today.
In 2023, for example, Altria paid $6.8 billion in dividends, plus another $1 billion in share repurchases. Plus, it was able to slightly reduce its debt-to-assets ratio from 0.77 to 0.73.
On December 8, 2018, Altria announced its intent to acquire a 45% stake in Cronos Group for $1.8 billion. [17] On December 20, 2018, Altria finalized the acquisition of a 35% stake in JUUL Labs, an e-cigarette company based out of San Francisco, California, for $12.8 billion. [18]
Altria (NYSE: MO) is a giant in the cigarette business, with its iconic Marlboro brand holding a huge 42% share of the North American cigarette market and a 59.4% share in the premium space. In ...
Altria Group v. Good , 555 U.S. 70 (2008), was a United States Supreme Court case in which the Court held that a state law prohibiting deceptive tobacco advertising was not preempted by a federal law regulating cigarette advertising.
Altria Group bought a 35% stake in vaping startup JUUL for $12.8 billion back in December 2018.Following the news, RBC Capital’s Nik Modi commented “Altria has written down the value of JUUL ...
Steven C. Parrish (born April 13, 1950) is a C-Suite executive consultant, American lawyer, Chair Safe Horizon, and community volunteer.Until 2008, he was an executive for Altria Group Inc. (formerly Philip Morris Companies, Inc.) where he was a Senior Vice President for Corporate Affairs.
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.