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Altria Group stock price
Altria Group latest news:
Altria Hikes Dividend by 8.2% Despite Industry Headwinds
Altria Group Inc MO recently announced that its board of directors has approved an increase of 8 2 in its quarterly dividend amounting 66 cents per share as compared with the previous rate of 61 cents The newly hiked dividend is payable on Oct 10 2017 to shareholders of record 160 on
Altria ups dividend despite U.S. nicotine proposal hit to shares
NEW YORK, Aug 24 (Reuters) - Tobacco company Altria Group
Inc raised its dividend by 8.2 percent on Thursday,
signaling the company did not expect a U.S. government proposal
to reduce nicotine in cigarettes to threaten its ability to make
the payment to shareholders.
Exxon Mobil, Altria Drop into Friday’s 52-Week Low Club
Wells Fargo: FDA plan to lower nicotine could be opportunity for Altria, Philip Morris
Wells Fargo Securities analyst Bonnie Herzog said Friday that a new Food and Drug Administration plan to lower nicotine levels in cigarettes could be a long-term opportunity for makers of reduced-risk products like Altria Group Inc. and Philip Morris International Inc. . Shares of cigarette producers plunged after the FDA announcement, with Altria plummeting 9.6%, Philip Morris declining 0.4% and British American Tobacco plunging 7.2% in extremely heavy midday trade. Altria and Philip Morris, however, have a "unique competitive advantage" with smokeless iQOS devices. Philip Morris said "iQOS heats the tobacco just enough to release the flavorful nicotine-containing vapor but without burning the tobacco." Even so, one medical journal study found that smoke from heat-not-burn cigarettes have 85% of the nicotine in conventional cigarettes. "We see this as an opportune entry point for long-term investors and would recommend building positions on today's broad weakness," Herzog said. "We also note that PM/MO's premarket tobacco product application with the FDA to commercialize iQOS in the U.S. remains under review." Altria shares have dropped 6.9% over the last three months and Philip Morris shares have risen 5.8%, compared with a 3.6% rise in the S&P 500 .Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Altria shares plunge after FDA releases roadmap to curb tobacco-related deaths
FDA said it's seeking to lower nicotine in cigarettes to non-addictive levels. Shares of Altria Group, BAT and Vector Group were all seen falling on the news.
Altria 2Q profit rises on higher cigarette prices, beer
Altria reported a boost in 2Q profit on higher cigarette prices, beer investment, but falls short of forecasts.
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