Company: Altria Group Inc. (MO)
*DRIP Club Members are able to acquire or list a share of a company on the DRIP Exchange Page.
Company Profile: Altria comprises Philip Morris USA, us Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through its tobacco subsidiaries, Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and the number-two spot in machine-made cigars. The company’s Marlboro brand is the leading cigarette brand in the us with 42% annual share in 2023. Beyond its core business, it holds an 8% interest in the world’s largest brewer, Anheuser-Busch InBev, a 42% stake in cannabis manufacturer Cronos, acquired Njoy Holdings in 2023, and operates a joint venture with Japan Tobacco in the heated tobacco category. It also recently disposed of its investment in Juul Labs. -Morningstar.com-
Symbol: MO
Recent Price: $49.85
Dividends: $3.92
Yield: 7.86%
Sector: Consumer Defensive
Industry: Tobacco
Address & Company Phone #: 6601 West Broad Street Richmond VA 23230, 804-274-2200
Transfer Agent: Computershare 800-442-0077
Moody’s Rating: A3
Minimum & Maximum Investment: $50 – $250,000/year
Investment Dates: Every Tues. & Thurs.
Shares to Qualify: 1 Share or $500
Fees: Div.: 5% of amount invested up to $3 Max Cash: $5+3¢/sh. Cert: $0 Sells: by Mail Fax or Phone for $15+12¢/sh.
52 Week High & Low: $47.19, $39.07