A dividend story of about 8.7%. Shouldn't expect a lot of capital growth. 53 years of dividend growth averaging 6.9% growth per year, so sustainability is high. As a Canadian, you're giving up the dividend tax credit. Look for something in Canada.
Its only attraction is a dividend yield of 8%. It made a bad acquisition and has under-performed the food and tobacco industry.
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MO has performed well, only down around 4% in 2022 (with dividends included), and now trading at 8.9x times' Forward P/E.
In the 3Q, MO’s revenue declined 3.5% to $5.4B, missing estimates of $5.59B and EPS was $1.28, slightly missing estimates of $1.30.
The balance sheet is leveraged with net debt of $23.8B.
Total debt is around 2.9x times trailing twelve-month cash flow of $8.3B, and cash flow remained flat compared to $8.4B last year.
We would have almost no concerns on the dividend.
Overall, MO looks okay from a yield standpoint, but we would not really expect capital gains with low growth overall. We do like PM better within the sector. Unlock Premium - Try 5i Free
Altria Group Inc is a American stock, trading under the symbol MO-N on the New York Stock Exchange (MO). It is usually referred to as NYSE:MO or MO-N
In the last year, 3 stock analysts published opinions about MO-N. 1 analyst recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Altria Group Inc.
Altria Group Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Altria Group Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
3 stock analysts on Stockchase covered Altria Group Inc In the last year. It is a trending stock that is worth watching.
On 2023-12-08, Altria Group Inc (MO-N) stock closed at a price of $41.3.
Altria Group, Inc. is an American corporation and one of the worlds largest producers and marketers of tobacco, cigarettes and related products. It operates worldwide and is headquartered in Henrico County, Virginia, just outside the city of Richmond. Social media mentions are up 50% in the past 24h.