Welcome to our dedicated page for Altria Group news (Ticker: MO), a resource for investors and traders seeking the latest updates and insights on Altria Group stock.
Altria Group, Inc. (MO) generates a steady flow of news through its financial results, product updates, capital allocation decisions and corporate governance actions. As a U.S. tobacco manufacturing company with both combustible and smoke-free products, Altria regularly issues press releases and files current reports that provide insight into its operations, portfolio and strategic direction.
Investors following MO news can expect detailed earnings announcements covering quarterly and year-to-date performance, including net revenues, earnings per share metrics and commentary on segment trends in smokeable and oral tobacco products. These releases often discuss factors affecting results, such as pricing, volume, special items, and the performance of brands like on! within the oral tobacco segment.
Altria’s news flow also highlights capital returns and financing activity. The company frequently announces regular quarterly dividends and dividend increases, as well as share repurchase activity and changes to its share repurchase program authorization. In addition, it discloses debt offerings and related agreements through press releases and Form 8-K filings, outlining new senior unsecured notes and credit facility amendments.
Corporate and strategic developments are another key news category. Altria reports on leadership and Board changes, including CEO succession plans, future appointments to executive roles and the planned retirement of directors. It also issues updates on its smoke-free strategy, such as product launches in oral nicotine pouches, regulatory submissions for heated tobacco sticks and collaboration agreements, including its memorandum of understanding with KT&G Corporation for modern oral and non-nicotine opportunities.
This MO news page helps readers track these disclosures in one place, from dividend declarations and webcast announcements to strategic partnerships and regulatory milestones. Regular review of Altria’s news can provide context for the company’s financial performance, portfolio evolution and governance decisions.
Altria Group, Inc. (NYSE: MO) has declared a quarterly dividend of $0.90 per share. This dividend is payable on January 10, 2022, to shareholders of record as of December 23, 2021. The ex-dividend date is set for December 22, 2021, providing an opportunity for shareholders to benefit from this income. Altria continues to demonstrate a commitment to returning value to its shareholders through these regular dividend payments.
Altria Group, Inc. (NYSE:MO) has received a double ‘A’ rating from CDP for the second consecutive year, recognizing its efforts in combating climate change and ensuring water security. This rating reflects Altria's commitment to reducing its environmental impact with ambitious targets, including a 55% reduction in Scope 1 & 2 emissions by 2030, achieving 100% renewable electricity, and maintaining water neutrality. The company also published its first standalone TCFD report, becoming the first U.S. tobacco company to support the TCFD.
Altria Group, Inc. (NYSE:MO) has released its inaugural Task Force on Climate-related Financial Disclosures (TCFD) report, becoming the first U.S. tobacco company to join TCFD's 2,700 supporters. The report aims to provide insights on climate-related risks and opportunities, aligning with Altria's commitment to transparency. Sal Mancuso, CFO, emphasizes a science-based approach for both the tobacco industry and climate action. Altria continues to focus on reducing its environmental impact across its operations and value chain.
Altria Group, Inc. (NYSE: MO) reported its Q3 2021 results, with net revenues declining 4.7% to $6,786 million and adjusted diluted EPS at $1.22, marking a 2.5% increase. The company expanded its share repurchase program to $3.5 billion and narrowed its full-year adjusted diluted EPS guidance to $4.58-$4.62, up 5-6% from 2020. Despite challenges from difficult year-over-year comparisons, retail share growth from its smokeless products is encouraging. Altria also faced a significant pre-tax impairment charge of $6.2 billion related to its ABI investment, impacted by COVID-19 and ongoing market conditions.
Altria Group, Inc. (NYSE: MO) has appointed Marjorie M. Connelly and R. Matt Davis to its Board of Directors as of October 27, 2021. Connelly, with a robust background in operations and strategy from her tenure at Convergys, will serve on multiple committees, enhancing the board's oversight. Davis, formerly of Dow Inc., brings significant corporate affairs experience. The board also announces the retirement of John T. Casteen III, effective after his term, acknowledging his decade-long contributions. Altria aims to lead the transition to a smoke-free future, focusing on reduced-risk products for adult consumers.
Altria Group (NYSE: MO) is set to host a live audio webcast on October 28, 2021, at 9:00 a.m. Eastern Time to discuss its 2021 third-quarter business results. A press release will be issued at 7:00 a.m. Eastern Time the same day. CEO Billy Gifford and CFO Sal Mancuso will present the results and respond to questions. The webcast will be accessible on Altria’s website, requiring pre-event registration. An archived version will also be available post-event.
Altria Group, Inc. (NYSE: MO) has announced a 4.7% increase in its quarterly dividend to $0.90 per share, up from $0.86. The new dividend will be paid on October 12, 2021 to shareholders who are on record as of September 15, 2021. The annualized dividend rate is now $3.60 per share, reflecting a 7.4% yield at a closing stock price of $48.65 on August 25, 2021. This marks Altria’s 56th dividend increase in 52 years, aligning with its goal of an 80% payout ratio of adjusted earnings.
Altria Group, Inc. (MO) announced strong Q2 2021 results, with net revenues of $6.94 billion, an 8.9% increase year-over-year. Adjusted diluted EPS rose by 12.8% to $1.23, with full-year EPS guidance narrowed to $4.56 to $4.62, reflecting a 4.5% to 6% growth from 2020. The company repurchased $650 million of shares and declared $1.6 billion in dividends. However, the expansion of its IQOS product line has faced delays due to patent infringement issues, potentially impacting future growth in heated tobacco products.
Altria Group (NYSE: MO) will hold a live audio webcast on July 29, 2021, at 9:00 a.m. ET to discuss its 2021 second-quarter and first-half business results. A press release with the results will be issued at 7:00 a.m. ET the same day. CEO Billy Gifford and CFO Sal Mancuso will present and answer questions from the investment community and media. The webcast will be in listen-only mode, and pre-event registration is required. An archived version will also be available on altria.com.
Altria Group announced the sale of its subsidiary, Ste. Michelle Wine Estates, to Sycamore Partners for about $1.2 billion. The all-cash transaction includes the assumption of certain liabilities. Expected to close in the second half of 2021, it is subject to financing and regulatory approvals. Altria plans to use the proceeds for share repurchases, enhancing value for shareholders. No material gain or loss from the transaction is anticipated, as it won't affect adjusted diluted earnings per share.