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Altria: Invest For The Dividend, Hold For The Growth

Published Fri, 15 Mar 2019 12:30:16 -0400 on Seeking Alpha

Altria (MO) shares have experienced some downward pressure as of late. This is a combination of a general market selloff in December 2018, some bad press surrounding the dangers of e-cigarettes, and a slowing core business. Over the last weeks, the stock has rebounded back to mid December 2018 levels.
Data by YCharts
While the company operates in a mature industry, their willingness to expand products and and differentiate their brand through their JUUL (JUUL) and Cronos (CRON) transactions shows the company is prioritizing long-term revenue growth. I believe Altria to still be a good buy at these depressed share prices and feel the dividend yield provides a nice bonus for shareholders.
Dividend Growth
The historical dividend growth of Altria is one of most attractive aspects of being an Altria shareholder. The company has actually increased their dividend 53 times in the last 49 years. The most recent dividends that the company declared on both February 28, 2019 and December 12, 2018 declared were not an increase, but simply maintaining the dividend at $0.80 per common share. This is not terribly concerning as the December 12th $0.80 dividend was a 14.4% increase from the prior dividend of $0.70 per common share. The dividend history is quite impressive and is clearly a positive factor shareholders consider when choosing whether or not to invest in Altria.

Source: Altria Website: Dividend Information
The overall consistency of dividend increases as... Read more


Older articles featuring Cron,juul (CRON,JUUL):
Fully Assessing Altria Group's Results For Q1 2019 (Includes 2019 Dividend And Adjusted Diluted EPS Projections)