Altria Group Stock Price, News & Analysis

Altria Group (NYSE: MO) announced pricing terms for cash tender offers for its senior unsecured notes. The total maximum amount for the offers is $4.623 billion, covering various note pools with specific maturities. The tender offers will expire on March 1, 2021, unless extended. Altria expects to record a pre-tax charge of approximately $645 million, or $0.27 per share, in Q1 2021 due to the tender offer and redemption of certain notes. The company encourages holders to evaluate the Offer to Purchase for detailed conditions.

Altria Group, Inc. (NYSE: MO) announced the early results of its cash tender offers for senior unsecured notes, increasing maximum purchase amounts for various pools of notes. The Pool 1 Maximum Amount has been raised to purchase all validly tendered 2.850% Notes due 2022 and 2.950% Notes due 2023. Additionally, increases have been made to Pool 2, Pool 4, and Aggregate Maximum Amounts. The Tender Offers will expire on March 1, 2021, and holders are encouraged to evaluate all information before participating.

Altria (NYSE:MO) announces that CEO Billy Gifford has joined The Valuable 500, promoting disability inclusion in business leadership. Altria commits to integrate disability inclusion into senior leadership priorities, take actionable steps, and communicate its commitment globally. The company aims for at least 7% of vice presidents or directors to identify as individuals with disabilities. Gifford emphasized the importance of a diverse workforce for achieving Altria's vision of transitioning adult smokers to non-combustible products. Altria's RISE network supports employees and families with disabilities.

Altria Group is set to present at the Consumer Analyst Group of New York conference on February 17, 2021, at 12:30 p.m. Eastern Time. The presentation will feature Altria's CEO, Billy Gifford, and CFO, Sal Mancuso, and will be available via webcast on www.altria.com/webcasts. An archived version will also be accessible on altria.com following the live event. This presentation is an important platform for discussing Altria's business strategies and financial outlook.

Altria Group, Inc. (NYSE: MO) has initiated cash tender offers for its senior unsecured notes, aiming to alleviate near-term maturity towers and extend debt maturity. The offers include up to $500 million for 2.850% and 2.950% Notes due 2022 and 2023, $1 billion for 4.000% and 3.800% Notes due 2024, and more. The total maximum amount across all pools is $3.65 billion. Alongside this, Altria plans a public offering of new senior unsecured notes to finance these transactions, which may incur a one-time charge in Q1 2021 due to early debt extinguishment.

Altria Group reported its 2020 Q4 and full-year results, showcasing net revenues of $6.3 billion in Q4, up 4.9%, and $26.2 billion for the year, a 4.2% increase. Adjusted diluted EPS for 2020 was $4.36, with 2021 guidance set at $4.49 to $4.62, reflecting a growth of 3% to 6%. The Board authorized a new $2 billion share repurchase program, expected to conclude by mid-2022. Altria is focusing on its 10-year Vision to transition smokers to noncombustible products. Despite challenges from COVID-19, the tobacco segment remained resilient, with significant investments planned for future growth.

Altria Group will host a live audio webcast on January 28, 2021, at 9:00 a.m. ET to discuss its 2020 fourth-quarter and full-year business results. A press release will be issued at 7:00 a.m. ET on the same day, and the webcast can be accessed at altria.com. CEO Billy Gifford and CFO Sal Mancuso will present the results and address questions from investors and media. Note that the webcast will be in listen-only mode, and pre-event registration is required at www.altria.com/webcasts.

Altria Group, Inc. (NYSE: MO) has declared a quarterly dividend of $0.86 per share, demonstrating its ongoing commitment to returning value to shareholders. This dividend is payable on January 11, 2021 to shareholders of record as of December 28, 2020, with the ex-dividend date set for December 24, 2020. This decision reflects Altria's focus on providing consistent income to its investors amidst market fluctuations.

Altria (NYSE:MO) has been certified as a Great Place to Work, emphasizing its commitment to a positive workplace culture. Over 90% of surveyed employees reported satisfaction with Altria as a workplace, highlighting flexibility, ethical leadership, and community support. This certification is based on insights from Great Place to Work®, which underscores the link between employee trust and business performance. Altria aims to leverage this positive environment to achieve its long-term vision of leading the transition to non-combustible products.