Altria operates as a major cigarette manufacturer, garnering nearly all its revenue from tobacco products, particularly the Marlboro brand. The company reported a 2% decline in revenue to $24 billion for 2024 while achieving a remarkable 42% increase in earnings to $6.54 per share. Altria maintained substantial liquidity with $11.3 billion in cash and investments, alongside a consistent dividend history of 55 years. Economic threats, such as tariffs on imports that could harm consumer spending, position Altria as a potentially stable investment amid market volatility.
Altria is a leading manufacturer of cigarettes, accounting for nearly all its revenue, making it a risky investment despite its high dividend yield and consistent cash flow.
In 2024, Altria's revenue fell by 2% to $24 billion, but earnings surged by 42% to $6.54 per share, highlighting its solid financial health and capacity for dividends.
The company boasts a significant cash reserve of $11.3 billion, alongside a history of raising dividends for 55 consecutive years, qualifying it as a Dividend King.
Amid economic uncertainties such as potential tariff increases that could impact consumer spending, Altria's steady dividend payments could make it an attractive investment despite its controversial product line.
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