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's stock showcased a remarkable performance in 2024, with a nearly 30% surge in share price and a total return of 41%, largely attributed to its attractive dividend yield of 7.7%. However, the company continues to confront significant challenges, notably a decline in cigarette sales and shifting consumer preferences...

Altria's Share Price Soars 30% in 2024 Driven by High Dividend Yield Amidst Struggles with Declining Cigarette Sales and Market Shift to Cheaper Alternatives