Japan Tobacco Inc. (JAPAF)
| Previous Close | 20.34 |
| Open | 20.98 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 20.98 - 20.98 |
| 52 Week Range | 15.91 - 21.07 |
| Volume | |
| Avg. Volume | 533 |
| Market Cap | 37.36B |
| Beta (5Y Monthly) | 0.39 |
| PE Ratio (TTM) | 12.10 |
| EPS (TTM) | 1.72 |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.42 (6.98%) |
| Ex-Dividend Date | Jun 29, 2023 |
| 1y Target Est | N/A |
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Could This Major Development Be a Game Changer for Altria Stock?
Maybe the third time will be the charm for Altria Group (NYSE: MO), which is taking the field again in electronic cigarettes after entering into a joint venture with Japan Tobacco (OTC: JAPAF) to co-market new reduced-risk products. After its ownership stake in Juul Labs went up in smoke and its partnership with Philip Morris International (NYSE: PM) was blocked by patent violations, this new deal could represent Altria's best shot at becoming a player again in the space. Altria and Japan Tobacco are forming Horizon Innovations, a joint venture 75% owned by the U.S. cigarette maker and 25% owned by its Japanese counterpart, that will oversee U.S. commercialization of any products either company develops.
