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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.
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 stock appears to offer a reliable 8% dividend yield. Is it too good to be true?
Altria Group (NYSE: MO) has emerged as a surprising stock market winner in 2024, propelled by an impressive earnings rebound. At the time of this writing, its shares had surged by 41% this year to ...
Turning now to share dynamics. Total discount segment share grew by 1.7 share points in the fourth quarter and by 1.3 share points for the full year, with most of the growth coming from deep discount.
Shares of Altria (NYSE: MO) have had a great run over the past year, gaining more than 30% in value. Third-quarter 2024 earnings got investors particularly excited, with the stock rallying sharply ...
Altria spun off its food division, which became Kraft Foods (NYS: KFT) , and split up its American cigarette operations and its international operations, which became Philip Morris International ...