Altria Group Stock To Go Ex-dividend Tomorrow (MO)
NEW YORK (TheStreet) -- The ex-dividend date for Altria Group (NYSE:MO) is tomorrow, June 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 $33.02 as of 9:30 a.m. ET, the dividend yield is 5.1%.
The average volume for Altria Group has been 9.9 million shares per day over the past 30 days. Altria Group has a market cap of $66.97 billion and is part of the consumer goods sector and tobacco industry. Shares are up 7.2% year to date as of the close of trading on Monday.
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 19.6, below the average tobacco industry P/E ratio of 19.7 and above the S&P 500 P/E ratio of 17.7.
- Sign up for TheStreet's FREE Dividend and Income Investor Newsletter
TheStreet Ratings rates Altria Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, increase in net income, revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated. You can view the full Altria Group Ratings Report.