Big Tobacco's Natural Move into the Cannabis Sector, Altria Group on Deck
NEW YORK, NY / ACCESSWIRE / January 30, 2019 / Traders News Source, a leading independent equity research and corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Altria Group, Inc. (MO), one of the world's largest tobacco companies.
In the recent past, Altria's has shown increasing interest in the cannabis sector. In fact, Tobacco sales haven't improved much in the past few years, and therefore cannabis has become a natural extension for the tobacco industry. In fact, both the alcohol and tobacco industries are considering cannabis as a promising catalyst which could offset the weaker sales, price competition in cigarettes and alcohol beverages.
Details and expectations of Altria's financial moves into the vaping and cannabis sectors READ MORE
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The company will host a live audio webcast on Thursday, January 31, 2019, at 9:00 a.m. Eastern Time to discuss its 2018 fourth-quarter and full-year business results. Altria will issue a press release containing its business results at approximately 7:00 a.m. Eastern Time the same day.
The stock is offering a solid 7.1% dividend yield for the first time in nearly a decade. The company has raised its dividend 53 times in the last 49 years.
See what the analysts are saying about Altria Group and the company's guidance READ MORE
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SOURCE: Traders News Source