Altria Group Inc. is a leading American corporation that focuses on the manufacturing and marketing of tobacco products, including cigarettes, smokeless tobacco, and wine. The company's mission is to responsibly provide adult consumers with innovative products that meet their preferences while prioritizing harm reduction. Altria's strategy involves diversifying its product offerings, investing in smoke-free alternatives, and engaging in responsible marketing practices. Through its operations, Altria aims to navigate the evolving regulatory landscape while addressing the changing preferences of consumers, ultimately striving to create long-term shareholder value.

ALTRIA GROUP INC

Altria Group has seen a significant rebound, with its share price rising nearly 30% in 2024, leading to an impressive total return of 41%. This uptick is largely attributed to Altria's high-yield dividend, currently at an attractive 7.7%, despite mounting pressures from declining smoking rates and increasing competition in the...

Altria's Stock Rises Nearly 30% in 2024 Amid High Dividend Yield, Despite Challenges from Declining Smoking Rates and Illicit Vape Competition

Altria's stock has surged nearly 30% in 2024, driven by a remarkable 7.7% dividend yield, yet the company grapples with significant challenges in a shifting market landscape. Can a strong dividend history outweigh the pressures of declining smoking rates and fierce competition?