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In 2022, when the S&P 500 lost 18% of its value, Altria stock actually gained around 4% in value. It's important to note that Altria's dividend payment hasn't always been reliable through these ...
The good news for investors is that over the trailing 12 months, it has accumulated $8.8 billion in FCF compared with $6.8 billion in dividend payments, which represents 77% of its free cash.
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.
Before you buy Altria stock for the income stream it can create, step back and consider these three facts. 1. Altria's most important business is in decline. In the first quarter of 2024, Altria's ...
On January 31, 2007, after months of speculation, the company announced that its 88.1% stake would be spun off to Altria shareholders at the end of March 2007, giving each approximately 0.7 shares of Kraft for each share of Altria they owned. Kraft became an independent publicly held company.
This might help: Even with the stock's recent rally, shares are still 33% below their 2017 high, and still priced cheaply at only around 10 times next year's projected per-share profits of about $5.
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Altria Group (NYSE: MO) stock has struggled the match the market's meteoric rise. Over the past five years, the S&P 500 has roughly doubled in value. Altria stock, meanwhile, is up by only 40% ...