Here’s How You Can Earn $100 In Passive Income By Investing In Altria Group Stock

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Altria Group, Inc. (NYSE:MO) manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

It will report its Q4 2024 earnings on Jan. 30, 2025. Wall Street analysts expect the company to post an EPS of $1.29, up from $1.18 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $5.06 billion, up from $5.02 billion in the year-ago period.

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The 52-week range of Altria Group stock price was $39.25 to $58.04.

Altria Group’s dividend yield is 7.58%. During the last 12 months, it paid $4.08 per share in dividends.

On Oct. 31, the company announced its Q3 2024 earnings, posting an adjusted earnings per share of $1.38, beating the street view of $1.35, as reported by Benzinga. Quarterly sales of $5.334 billion (+1.3%) beat the analyst consensus estimate of $5.326 billion.

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The smokeable products segment reported that domestic cigarette shipment volume decreased 8.6%, primarily due to the industry’s decline rate and retail share losses. Trade inventory movements and calendar differences partially offset this. Marlboro shipment volume fell 7.5% in the quarter.

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The company reaffirmed its guidance for 2024, projecting adjusted diluted EPS to range from $5.07 to $5.15 (estimate: $5.10). This reflects a 2.5% to 4% growth rate compared to the 2023 base of $4.95, with anticipated growth weighted toward the year’s second half.

If you want to make $100 per month –$1,200 annually – from Altria Group dividends, your investment value needs to be approximately $15,831, which is around 294 shares at $53.84 each.

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