Altria Group, Inc. (MO)
| Previous Close | 42.90 |
| Open | 42.81 |
| Bid | 42.54 x 1800 |
| Ask | 42.55 x 800 |
| Day's Range | 42.52 - 43.09 |
| 52 Week Range | 40.35 - 57.05 |
| Volume | |
| Avg. Volume | 8,293,651 |
| Market Cap | 76.733B |
| Beta (5Y Monthly) | 0.64 |
| PE Ratio (TTM) | 43.48 |
| EPS (TTM) | 0.98 |
| Earnings Date | Oct 27, 2022 |
| Forward Dividend & Yield | 3.76 (8.76%) |
| Ex-Dividend Date | Sept 14, 2022 |
| 1y Target Est | 48.57 |
- Reuters
Juul to cancel overseas expansion, trim jobs - WSJ
In July, the once red-hot company was in the early stages of exploring several options including financing alternatives, as it had to deal with lawsuits and a probable ban on sales of its e-cigarettes by U.S. health regulators. Late in September, Marlboro maker Altria Group Inc exercised the option to be released from its non-compete deal with Juul almost four years after buying a 35% stake in company. Altria had also slashed the value of its stake in the e-cigarette maker to just $450 million, down from the original value of $12.8 billion, blaming a decrease in the chances of the U.S. health regulators approving the company's e-cigarettes.
- Reuters
UPDATE 1-Juul to cancel overseas expansion, trim jobs - WSJ
Juul Labs Inc is canceling a planned expansion outside the United States and plans to lay off staff as a result, the Wall Street Journal reported on Thursday, citing people familiar with the matter. In July, the once red-hot company was in the early stages of exploring several options including financing alternatives, as it had to deal with lawsuits and a probable ban on sales of its e-cigarettes by U.S. health regulators. Late in September, Marlboro maker Altria Group Inc exercised the option to be released from its non-compete deal with Juul almost four years after buying a 35% stake in company.
- Motley Fool
Could a Dividend Cut Actually Make Sense for This Dividend King?
Becoming a Dividend King takes growth, smart management, and dedication to the dividend. Understandably, dividends are often sacred to the companies that raise them yearly; tobacco giant and Dividend King Altria Group (NYSE: MO) pays a dividend that yields 9.3%, the primary reason most shareholders own the stock. Altria's stock has languished since its infamous Juul acquisition -- here is why a dividend cut could be the key to turning the stock around.
