Altria's Dividend Yield Spiked After Juul Ban. The Payout Looks Secure. [MarketWatch]
Altria Group, Inc. (MO)
Last altria group, inc. earnings: 4/30 07:00 am
Check Earnings Report
US:NYSE Investor Relations:
altria.com/investors
Company Research
Source: MarketWatch
In the case of cigarette maker Altria Group however, the payout looks secure despite a recent surge. Altria (ticker: MO), whose yield is now around 8.6% from about 7% around May 10, saw its yield spike after some bad news in late June that the Food and Drug Administration had banned all of Juul Labs' vape products from the U.S. Altria paid about $13 billion for a minority—about one-third—stake in Juul in 2018. On June 22, when the news came out, Altria stock lost about 9%, closing at $41.50, a little below where it closed Friday. The FDA's Juul ban has been delayed while the company appeals. Altria is no stranger to problems with its Juul investment. In early 2020, for example, the company said it had taken a $4.1 billion noncash, pretax impairment charge related to the Juul investment. In a release at the time, the company attributed the impairment primarily to “the increased number of legal cases pending against Juul.” Still, Altria's dividend “is vital to the investor base,
Show less
Read more
Impact Snapshot
Event Time:
MO
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MO alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MO alerts
High impacting Altria Group, Inc. news events
Weekly update
A roundup of the hottest topics
MO
News
- Altria (MO) Ascends While Market Falls: Some Facts to Note [Yahoo! Finance]Yahoo! Finance
- These 2 Consumer Staples Stocks Could Beat Earnings: Why They Should Be on Your Radar [Yahoo! Finance]Yahoo! Finance
- Altria: Price Appreciation Isn't What's Valued Here [Seeking Alpha]Seeking Alpha
- Altria: Can't Argue With Its 10% Dividend Yield [Seeking Alpha]Seeking Alpha
- Is Altria Group (MO) a High-Yielding Security? [Yahoo! Finance]Yahoo! Finance
MO
Earnings
- 2/1/24 - Beat
MO
Sec Filings
- 4/9/24 - Form DEFA14A
- 4/8/24 - Form PX14A6G
- 4/4/24 - Form ARS
- MO's page on the SEC website