Companies are making whatever financial moves and adjustments they can make to remain healthy during the instant recession. Dividend history information is presently unavailable for this company. Altria celebrates its 100 th anniversary of incorporation. A cash dividend payment of $0.86 per share is scheduled to be paid on October … Action: Dividend cut (to 44 cents per share annually) Annual dividend prior to change: $3.16 per share Oil and gas exploration and production company Occidental Petroleum ( OXY , … This means that as long as the dividend stays constant, the investor receives 8.60% of their original investment back each year. Each week, stocks, funds and REITs announce upcoming dividend payouts. Thesis Altria (MO) continues to execute relatively well: The company keeps growing its profits, and the growth in its smokeless products segment remains solid. To show what a blow this was to the psyche of investors, note that it was the first such dividend cut since Imperial Brands became its own company in the mid-1990s. As long as Altria can keep the dividend going without a cut, shareholders have a lot to look forward to at this valuation. Anheuser-Busch InBev has cut its dividend in half. Dividend.com: The #1 Source For Dividend Investing. There are typically 4 dividends per year (excluding specials), and the dividend cover is approximately 1.3. ... a rollover of cuts … MO's next quarterly dividend payment will be made to shareholders of record on Monday, January 11. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Altria also has investments in AB InBev S.A./N.V. Dividend Information Altria Group's target dividend payout ratio is approximately 80 percent of adjusted earnings per share. Altria declares $0.86 dividend Dec. 16, 2020 2:05 PM ET Altria Group, Inc. (MO) By: Pranav Ghumatkar , SA News Editor 195 Comments Altria (NYSE: MO ) declares $0.86/share quarterly dividend , … Dividend Summary for Altria Group, Inc. Security: MO (Common Stock). Lastly, Altria stock has a high dividend yield of 9.3%. Altria Group, Inc. (MO) Dividend summary: yield, payout, growth, announce date, ex-dividend date, payout date. Seeking Alpha - The strong market rally over the past 6 months has left Altria (MO) in the dust. Its ADSs were down 1.5% at $37.57, as well as down almost 20% from their 52-week high. Altria's cash flows will take a small hit, but its own dividend will not be impacted. A Federal Court has ordered Altria, R.J. Reynolds Tobacco, Lorillard, and Philip Morris USA to make this statement about designing cigarettes to enhance the delivery of nicotine: Altria, R.J. Reynolds Tobacco, Lorillard, and Philip Morris USA intentionally designed cigarettes to make them more addictive. The news had prompted more than a 6% loss in its shares. Elsewhere, Vector Group Ltd. (NYSE: VGR) is also in tobacco (and real estate), and it comes with a 12% dividend yield. The current dividend yield for Altria … The DDM analysis gives me a fair value of $58.48. Altria Group (MO) will begin trading ex-dividend on September 14, 2020. The company has grown its dividend for the last 1 consecutive years and is increasing its dividend by an average of 11.75% each year. For the April, July, and October Altria dividend payouts, the ex-dividend date falls around the middle of the month prior. In reality, Altria has raised its regular dividend (when adjusted for spin offs) 51 times in the past 48 years. Yes! U.S. tobacco shares were also trading lower on Tuesday. Seeking Alpha Premium Dividend Score. Like many companies facing uncertainties due to the coronavirus pandemic, Altria withdrew its 2020 profit forecasts. While I like Altria, I would be selling the minute it declares a dividend cut. Sometimes, early success may make us blind to changes. While I believe that most of Altria's issues are self-inflicted wounds ( as discussed here), it is possible that I am not being objective. Overall, Altria's third-quarter revenues net of excise taxes rose about 5% and its adjusted EPS was flat. What Is SafetyNet Pro? In modern investing history, almost no dividend stock has been as reliable as Altria (), the domestic owner of Marlboro.The tobacco company has raised its dividend 54 times in the last 50 years . Altria Group pays an annual dividend of $3.44 per share, with a dividend yield of 8.39%. With the FDA responding to vaping related fatalities, Altria’s stock (certainly a sin stock) has been beaten down.Let’s take a look at the business, dividend history, and payout safety going forward. The bad news is that without guidance and with so much uncertainty in the economy, it is hard to tell exactly how high or how low Altria’s earnings will be in 2020 and in 2021. The uncertainty surrounding e-cigarette regulation is a big reason Altria's stock has slumped, sending its dividend yield up to almost 7%. Management's ability to adapt to the tobacco industry's various challenges, along with Altria's portfolio of premium cigarette brands, have allowed the company to raise prices fast enough to offset volume declines and keep its earnings (and dividend) growing. However, many analysts believed shares would rebound as quarantined masses turn to vices – like recreational cannabis , tobacco, and alcohol – to get through the pandemic. Altria recently increased its dividend by 2.4%, representing its 55th dividend increase in the past 51 years. nodes[i].dataset.subscription : nodes[i].getAttribute('data-subscription'); if(status ==='true') {nodes[i].checked = true;}}};var nodes = document.querySelectorAll('#form1783 select[data-value]'); if (nodes) { for (var i = 0; i < nodes.length; i++) { var node = nodes[i]; var selectedValue = node.dataset ? The DDM analysis gives me a fair value of $58.48. After earnings, Altria also said that older smokers who had switched to vaping were turning back to buying discount cigarettes. Many companies have announced a dividend cut amid COVID-19. The next Altria Group Inc. dividend went ex 11 days ago for 86c and will be paid in 7 days. Investors hate dividend cuts, and companies know it. Altria's companies include some of the most enduring names in American business, with strong American heritage stretching back more than 180 years. Overall, the stock is likely to offer average annual returns of about 13% over the next five years thanks to expected 3% annual earnings-per-share growth, its 8.6% dividend and a 3.5% annualized expansion of … Except for 2019, Altria's dividend has been covered by EPS every year since 1990. Currently sporting a 7.57% dividend yield, this is yet another venerable name where fears of a dividend cut have scared off some investors. Altria Group (MO) Declares $0.86 Quarterly Dividend; 8% Yield Altria Group … Is Altria Dividend A Value Trap? Income investors seek a steady stream of dividends. MO's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Piano • Client Dashboard. So when a company with a two-decade-long streak of annual dividend increases under its belt makes the choice to … Dividend Reliability A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. Instead, Altria is a dangerous dividend stock because of its current high valuation. The previous Altria Group Inc. dividend was 86c and it went ex 4 months ago and it was paid 3 months ago. MO's next quarterly dividend payment will be made to shareholders of record on Monday, January 11. Altria’s earnings announcement addressed its dividend going forward as remaining important and a top priority for its investors. Given the fact that 97% of stocks returns since 1871 have come from reinvested dividends, it is not surprise that this dividend growth tobacco stock was the best performer in the S&P 500 for the 50-year period from 1957 to 2007. On the other hand, for January’s dividend payout, the ex-dividend date falls right before the Christmas holiday. Companies have been laying off or furloughing workers and cutting capital spending plans, but on top of suspending share buyback plans, many also are being forced to resort to the very unpopular theme of slashing or eliminating their dividends. That said, Altria’s first-quarter adjusted diluted earnings rose by 18.5% in its quarterly report from the end of April. SafetyNet Pro is a groundbreaking tool … Dividend Schedule & History. This could indicate that the company has never provided a dividend or Altria Group (MO) will begin trading ex-dividend on September 14, 2020. For the purpose of this article, we only scrutinise the last decade of Altria Group's dividend payments. ... As for the flip side supporting its dividend, the team at Stifel called Altria too cheap at the current levels. Altria Group, Inc. (MO) Dividend Growth History: By month or year. I have a $10 price target on IMBBY. This earns a positive mark in the SafetyNet Pro grading system. Anheuser-Busch InBev's (BUD) dividend cut will lead to lower dividend proceeds for Altria, which will pressure Altria's cash generation slightly. I personally expected a larger dividend cut, so the oil major continues to be a good income stock. © 2021, Nasdaq, Inc. All Rights Reserved. Find the latest dividend history for Altria Group, Inc. (MO) at Nasdaq.com. However, if Altria Group Inc continues stumbling on, it may do the unthinkable and cut dividends. Dividend Summary. The Dividend Investing Resource Center, which maintains a database of companies that have at least five consecutive years of dividend growth, claims that only 27 other companies have a longer dividend growth streak going. @/i, failureMessage: "A valid email address is required", negate: "true"});var dom2 = document.querySelector('#form1783 #field2');var field2 = new LiveValidation(dom2, {validMessage: "", onlyOnBlur: false, wait: 300});field2.add(Validate.Presence, {failureMessage:"This field is required"});var dom5 = document.querySelector('#form1783 #field5');var field5 = new LiveValidation(dom5, {validMessage: "", onlyOnBlur: false, wait: 300});field5.add(Validate.Custom, {against: function(value) {return !value.match(/(telnet|ftp|https?):\/\/(?:[a-z0-9][a-z0-9-]{0,61}[a-z0-9]\.|[a-z0-9]\. Free cash flow has also provided enough cushion for distributions as well. Altria’s Dividend. The previous Altria Group Inc. dividend was 86c and it went ex 4 months ago and it was paid 3 months ago. Altria’s current quarterly dividend is $0.84. Visit site. While I reinvest some of the dividends back in one of my portfolios, I generally get most of my Altria dividends in cash to redeploy elsewhere or to spend. Free cash flow has also provided enough cushion for distributions as well. Altria has raised its dividend each year since its last cut in 2008, and its dividend has grown 10% over the last five years. Altria's Board of Directors declared a regular quarterly dividend of $0.86 per share, payable on January 11, 2021 to shareholders of record. For the full year, management now expects adjusted EPS to grow 2% to 4% and result in a payout ratio of 80%, in line with the company's target. Altria's Board of Directors declared a regular quarterly dividend of $0.86 per share, payable on January 11, 2021 to shareholders of record. However, if Altria continues stumbling on, it may do the unthinkable and cut dividends. For example, if you bought a share of Altria Group Inc today for $40/share, you can expect to earn an annual dividend of $3.44/share. )+[a-z]{2,63}/i);}, failureMessage: "Value must not contain any URL's"});field5.add(Validate.Presence, {failureMessage:"This field is required"});field5.add(Validate.Length, {tooShortMessage:"Invalid length for field value", tooLongMessage: "Invalid length for field value", minimum: 4, maximum: 4});function handleFormSubmit(ele) { var submitButton = ele.querySelector('input[type=submit]'); var spinner = document.createElement('span'); spinner.setAttribute('class', 'loader'); submitButton.setAttribute('disabled', true); submitButton.style.cursor = 'wait'; submitButton.parentNode.appendChild(spinner); return true; }function resetSubmitButton(e){ var submitButtons = e.target.form.getElementsByClassName('submit-button'); for(var i=0;i