Altria Group Stock To Go Ex-dividend Tomorrow (MO)
NEW YORK (TheStreet) -- The ex-dividend date for Altria Group (NYSE:MO) is tomorrow, March 13, 2012. Owners of shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $30.54 as of 9:30 a.m. ET, the dividend yield is 5.4%.
The average volume for Altria Group has been 13.3 million shares per day over the past 30 days. Altria Group has a market cap of $58.16 billion and is part of the consumer goods sector and tobacco industry. Shares are up 2.7% year to date as of the close of trading on Friday.
Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. The company has a P/E ratio of 18.6, above the average tobacco industry P/E ratio of 16.9 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Altria Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Altria Group Ratings Report.