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Altria Group, Inc. (NYSE:MO) is one of the world’s largest manufacturers and marketers of tobacco and cigarettes. Altria is the U.S. leader in cigarettes and smokeless tobacco and ranks second in machine-made cigars.
The company will report its third quarter 2024 results on October 24. Wall Street analysts expect the company to report earnings per share of $1.35, up from $1.28 in the year-ago period. Quarterly revenue is expected to be $5.34 billion, up from $5.28 billion in the year-ago period.
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The 52-week range of Altria Group’s share price was $39.07 to $51.40.
The dividend yield of Altria Group is 7.73%. In the last 12 months, the company paid $3.93 in dividends per share.
The latest on Altria Group
On July 31, Altria Group reported its second quarter 2024 results, reporting adjusted earnings per share of $1.31, below the analyst consensus of $1.34. Quarterly revenue fell 3% year over year to $6.21 billion, but comfortably beat the consensus estimate of $5.40 billion.
As Benzinga reports, the revenue decline was primarily due to lower net sales in the smokable products segment, partially offset by higher net sales in the oral tobacco products segment.
“In the second quarter, our companies’ innovative smoke-free products achieved strong market share and sales, and we achieved significant milestones that we believe set us up for future success. NJOY received the first and only FDA-approved marketing orders for menthol e-cigarettes, and we submitted PMTA applications to the FDA for next-generation NJOY! products,” said CEO Billy Gifford.
Looking ahead, Altria reduced its full-year adjusted earnings per share guidance to $5.07-$5.15 from $5.05-$5.17, compared to an estimate of $5.10.
This recent article from Benzinga analyzes the increase in options activity and finds that wealthy investors have taken a bullish stance on Altria Group.
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How can you earn $100 per month as an Altria Group investor?
If you want to earn $100 per month—or $1,200 per year—from Altria Group dividends, your investment value must be approximately $15,524, which is equivalent to about 305 shares at $50.86 each.
How to calculate the dividend yield: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (in this case, 7.73%). So, $1,200 / 0.0773 = $15,524 to generate an income of $100 per month.
The dividend yield can be calculated by dividing the annual dividend payout by the current share price.
Dividend yield may change over time due to fluctuating share prices and rolling dividend payments.
For example, let’s say a stock that pays out a $2 dividend annually costs $50. Its dividend yield would then be $2/$50 = 4%. If the stock price rises to $60, the dividend yield falls to 3.33% ($2/$60). A fall in the stock price to $40 has the opposite effect, increasing the dividend yield to 5% ($2/$40).
In summary, income-oriented investors may find Altria Group stock an attractive option to earn a stable income of $100 per month by owning 305 shares. There may be even more potential as investors benefit from the company’s continuous dividend increases. Altria Group has consistently increased its dividend over the past 15 years.
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This article How to Make $100 a Month with Altria Stock originally appeared on Benzinga.com
