MO Stock Recent News
MO LATEST HEADLINES
There's more to any investment than a single number.
In the closing of the recent trading day, Altria (MO) stood at $49.74, denoting a -0.84% change from the preceding trading day.
RICHMOND, Va.--(BUSINESS WIRE)---- $MO #ALTRIA--Altria to Host Webcast of 2024 Third-Quarter and Nine-Months Results.
The markets had a strong week with the S&P 500 and Nasdaq reaching new highs, driven by declining inflation and stable factory gate prices. The Dividend Harvesting Portfolio hit an all-time high in value and profitability, generating $39.12 in dividend income and increasing forward annualized dividend income to $1,775.79. My investment strategy focuses on generating recurring dividend income while mitigating downside risk, with a diversified portfolio yielding 7.54% and a yield on cost of 9.4%.
Recently, Zacks.com users have been paying close attention to Altria (MO). This makes it worthwhile to examine what the stock has in store.
24/7 Wall St. Insights Altria Inc. (NYSE: MO) stock has outperformed the S&P 500 this year and offers a generous dividend.
Altria Group lags in transitioning to smoke-free products, with only 13% of revenue from non-combustibles compared to Philip Morris International's 38%. Philip Morris International is expanding its US market share with IQOS and ZYN, showcasing promising goals and significant investments in manufacturing facilities. Altria's oral tobacco segment shows slow growth, but its On! brand is gaining traction, though NJOY's current impact remains negligible.
In the closing of the recent trading day, Altria (MO) stood at $49.84, denoting a +0.32% change from the preceding trading day.
A Dividend King is a stock with 50 or more consecutive years of dividend increases per suredividend.com. The 53 Dividend Kings, screened as of October 8, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 13.99%-20.65% topped by Northwest Natural and United Bankshares. By yield, Altria tops all. Top-ten October dogs: HRL, KVUE, FRT, UBSI, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.87% in yield.
The Federal Reserve's monetary policies continue to impact the economy, with lingering inflation despite recent rate cuts. Understanding this landscape is crucial for investors. High-yield dividend stocks are becoming essential in today's market, offering both income and potential growth. Identifying the right picks can provide stability. Focusing on companies with strong balance sheets and solid growth prospects will position investors well for future market fluctuations and inflationary pressures.