2024-04-30 15:07:27 ET
Summary
- Altria Group reported Q1 earnings that met expectations and confirmed its strong EPS guidance for 2024.
- NJOY sales continues to see increasing distribution and product shipments. Altria is set to grow its dividend later this year.
- Altria's attractive valuation and double-digit earnings yield make it an appealing investment for dividend investors.
Altria Group, Inc. ( MO ) reported first fiscal quarter earnings on Thursday, April 25 that met expectations on an EPS basis and the company confirmed its adjusted, diluted EPS guidance for 2024 as well. Altria's NJOY distribution also continues to grow, and the forward dividend coverage ratio implies that dividend investors are set to get another dividend raise later this year. Altria's accelerated share repurchase program, worth $2.4B, also adds value for dividend investors. With Altria's alternative product business momentum being intact and the company selling at a very attractive, double-digit earnings yield, I believe dividend investors especially should consider adding Altria to their income portfolios!...
Read the full article on Seeking Alpha
For further details see:
Altria: Top Dividend Value For Investors After Q1 Earnings