Altria Group is a leading company in the tobacco and consumer goods industry, primarily known for its extensive portfolio of cigarette brands, including Marlboro
The company engages in the manufacture, marketing, and sale of various tobacco products and related offerings. Beyond traditional tobacco, Altria has been expanding its focus on smoke-free alternatives, such as e-vapor products and heated tobacco devices, as part of its strategy to adapt to changing consumer preferences and regulatory landscapes. Additionally, Altria is involved in wine production and has made investments in cannabis and other non-tobacco businesses, reflecting a commitment to diversifying its product range and engaging with emerging markets.
Altria generated $8.6 billion in free cash flow in 2024, down from over $9 billion in 2023. This year, free cash flow is forecast to decline again to $8.2 billion.
As volatile times have taken over the stock market in recent weeks, institutional capital has started to look to the safer areas of the market, leaving hints.
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Tobacco company Altria (NYSEMO) reported Q4 CY2024 results topping the market’s revenue expectations, with sales up 1.6% year on year to $5.11 billion. Its non-GAAP profit of $1.29 per share was 0.8% above analysts’ consensus estimates.
Altria's Q4 earnings matched expectations, with a $1 billion share buyback authorized and strong sales growth, while projecting modest 2025 EPS growth of 2-5%.
Income investors looking for a high dividend stock for 2025 should consider Altria Group Inc. The company has a long history of reliable dividend hikes.
The S&P 500 index has done well over the years. Companies like Walgreens, Pfizer, and Ford are high-yielding. Other high-yielding S&P 500 index stocks are Altria and Franklin Resources.
When you think of the market's biggest winners over the last 100 years, would you have ever guessed the trio would include a tobacco company, an asphalt company, and a railroad?
