Public health
from24/7 Wall St.
2 days agoAltria's Best Growth Opportunity Is Running Into Bureaucratic Foot Dragging
Nicotine pouches are rapidly growing in the U.S. market, while Altria faces declining cigarette sales and regulatory challenges.
Altria Group met adjusted earnings expectations in Q3 while delivering a revenue beat that caught investors' attention. The stock traded near $62.19 at the 9:00 AM ET filing, having drifted lower in recent weeks from its mid-$60s peak. Management raised the lower end of full-year guidance and expanded its buyback program, signaling confidence in the business despite ongoing headwinds in traditional tobacco.
Shares of Altria Group Inc. (NYSE: MO) lost 1.47% over the past month after gaining 7.36% the month prior. So far in 2025, the Dividend King isn't just outpacing its the S&P 500 with a 25.02% gain, it's continuing to reward shareholders with a dividend currently yielding 6.45%. The company has now increased its distribution 59 times over the past 55 years.