Altria Group Joins The Dividend Kings List

Altria Group, Inc. (MO), through its subsidiaries, manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen, Skoal, Red Seal, and Husky brands. The company also produces and sells varietal and blended table wines, and sparkling wines.

Altria increased its quarterly dividend by 5% to 84 cents/share just last week. This marked the 50th year of consecutive annual dividend increases for this newly minted dividend king. I will update the dividend kings list at my next review.

Between 2008 and 2018, Altria managed to boost its earnings per share from $1.45 to $3.68. The company expects to generate between $4.15 and $4.27/share in adjusted earnings per share in 2019.

 

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