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 exchanged its minority investment in JUUL Labs, Inc. for a non-exclusive global license to JUUL's heated tobacco intellectual property. This decision comes amid JUUL's ongoing regulatory challenges. CEO Billy Gifford stated this strategy aligns with their business objectives. As of December 31, 2022, the carrying value of Altria's JUUL investment was $250 million, which will be recorded in Q1 2023 as a special item in earnings. The transaction reflects Altria's focus on the e-vapor market and its commitment to lead a smoke-free future.
Altria Group, Inc. (NYSE: MO) has declared a quarterly dividend of $0.94 per share. This dividend will be payable on April 28, 2023 to shareholders of record by March 24, 2023, with an ex-dividend date of March 23, 2023. This consistent dividend payment reflects Altria's commitment to returning value to its shareholders.
Altria Group, Inc. (NYSE: MO) reported a strong financial performance for Q4 2022 and the full year, with adjusted diluted EPS growth of 5%. Highlights include net revenues of $6.1 billion in Q4, down 2.3% year-over-year, and full-year revenues of $25.1 billion, a 3.5% decline. The company expects 2023 adjusted diluted EPS between $4.98 and $5.13, indicating growth of 3% to 6%. Share repurchases totaled $1.8 billion for 2022, with a new $1 billion program authorized. The firm maintained a dividend payout of $6.6 billion for 2022. Despite some market challenges, brand loyalty and strategic investments position Altria for future growth.
Altria Group (NYSE: MO) will host a live audio webcast on February 1, 2023, at 9:00 a.m. Eastern Time, to discuss its 2022 fourth-quarter and full-year business results. A press release detailing these results will be issued at approximately 7:00 a.m. Eastern Time the same day. CEO Billy Gifford and CFO Sal Mancuso will present the findings and answer questions from the media and investors. The webcast is in listen-only mode, and pre-event registration is required. An archived version will be available on altria.com after the event.
Altria (NYSE: MO) will undertake an equity and civil rights assessment following a shareholder proposal from 2022. This initiative aims to enhance transparency and stakeholder alignment while addressing issues related to tobacco harm. The assessment will be led by Altria and overseen by an external advisory board of experts in civil rights and public health. A report detailing the findings is expected within 12 months. Feedback from top shareholders, representing 43% of outstanding shares, has informed the approach to the assessment.
Altria Group, Inc. (NYSE:MO) has irrevocably abandoned its warrant for additional shares in Cronos Group Inc. This decision, made on December 16, 2022, follows the poor trading performance of Cronos shares, which have not exceeded CAD$6.00 in the last year. Altria initially held a 45% interest in Cronos, which could have increased to 52% if the warrant had been exercised. As a result of this abandonment, Altria expects a capital loss of $483 million for its 2022 tax return, while still retaining 156,573,537 shares of Cronos.
Altria Group, Inc. (NYSE: MO) has declared a regular quarterly dividend of $0.94 per share, set for payment on January 10, 2023. Shareholders must be on record by December 22, 2022, with an ex-dividend date of December 21, 2022. This announcement reaffirms Altria's commitment to shareholder returns amid ongoing market conditions.
Altria Group, Inc. (NYSE: MO) announced the appointment of Jacinto “Jase” Hernandez to its Board of Directors effective November 1, 2022. Hernandez brings extensive experience in the tobacco industry as a former partner and investment analyst at Capital Group. His expertise is expected to advance Altria's strategy of 'Moving Beyond Smoking' toward a smoke-free future. W. Leo Kiely III, a long-time director, will retire, marking a transition in leadership. Altria aims to lead the tobacco market responsibly while focusing on innovation and consumer transition.
Altria Group, Inc. (NYSE: MO) announced its Q3 2022 results, reporting net revenues of $6,550 million, a decline of 3.5% year-over-year. The company narrowed its full-year adjusted diluted EPS guidance to $4.81 to $4.89, reflecting a 4.5% to 6% growth from $4.61 in 2021. Altria's share repurchase program saw 8.5 million shares repurchased at an average price of $43.68 in Q3. The company is committed to strengthening its smoke-free portfolio while continuing to provide substantial dividends, totaling approximately $4.9 billion in the first nine months of 2022.
Altria (NYSE:MO) announces a strategic partnership with JT Group to enhance global harm reduction through heated tobacco products. The collaboration includes a joint venture for U.S. marketing and commercialization of heated tobacco stick (HTS) products and an updated pipeline of Altria's own heated tobacco offerings. Altria aims to use this partnership to accelerate the transition of adult smokers away from traditional cigarettes by providing appealing smoke-free alternatives. The JV will see Altria hold a 75% economic interest with a planned investment of $150 million.