Altria Q1: Buybacks & Smokeless Products Continue To Be Growth Drivers [Seeking Alpha]
British American Tobacco Industries, p.l.c. ADR (BTI)
NASDAQ:AMEX Investor Relations:
bat.com/ir
Company Research
Source: Seeking Alpha
The company's accelerated buyback program and debt management strategies are important for their maintaining dividend safety and reducing debt in the future. Altria's net debt-to-EBITDA remained flat, and the company retired $1.1 billion worth of notes during the quarter. Their ratio remains lower than peer British American Tobacco's 2.6x. NJOY will be a strong growth driver going forward, with management expecting to submit PTMA filings for age gated Bluetooth technology by the end of Q2. The secular decline in smokeable products across the tobacco industry continues to be a headwind and risk, coupled with political issues. Introduction Investors in Altria ( NYSE: MO ) likely invest in the company for one main reason, and that's because it pays a large portion of its cash flow in the form of dividends. I mean, that's precisely the reason I accumulated shares Recommended For You Recommended For You About MO Stock
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BTI
Sec Filings
- 5/16/24 - Form 6-K
- 5/15/24 - Form 6-K
- 5/14/24 - Form 6-K
- BTI's page on the SEC website