Welcome to our dedicated page for Altria Group news (Ticker: MO), a resource for investors and traders seeking the latest updates and insights on Altria Group stock.
Altria Group, Inc. (symbol: MO) is a major American corporation renowned for its production and marketing of tobacco, cigarettes, and related products. Headquartered in Henrico County, Virginia, near Richmond, Altria operates globally and is a significant player in the tobacco industry.
Altria's portfolio includes well-known subsidiaries such as Philip Morris USA, U.S. Smokeless Tobacco, John Middleton, Horizon Innovations, and Helix Innovations. Through these subsidiaries, Altria maintains a leading position in the U.S. cigarette and smokeless tobacco markets, as well as holding the number-two spot in machine-made cigars.
The company's flagship brand, Marlboro, continues to dominate the U.S. market with a 42% annual share in 2022. Altria also holds an 8% interest in Anheuser-Busch InBev, the world's largest brewer, and a 42% stake in cannabis manufacturer Cronos. Recently, Altria acquired Njoy Holdings in 2023 and exited its strategic investment in Juul Labs. Additionally, Altria is involved in a joint venture with Japan Tobacco to explore opportunities in the heated tobacco sector.
The company is consistently active in the market, seeking to innovate and adapt to changing consumer preferences and regulatory landscapes. Altria's financial condition remains robust, supported by its diverse product offerings and strategic partnerships.
Thomas F. Farrell II, Chairman of Altria's Board since 2008, will retire after his current term ends, choosing not to seek re-election at the 2021 Annual Meeting on May 20. The Board plans to evaluate leadership succession and appoint a new Chairman post-meeting. Farrell's contributions have been appreciated by CEO Billy Gifford. He has also served as Executive Chairman of Dominion Energy. Altria aims to lead the transition for adult smokers towards non-combustible products as part of its ongoing vision through 2030.
Altria Group, Inc. (NYSE: MO) has declared a quarterly dividend of $0.86 per share, reinforcing its commitment to shareholder returns. This dividend is payable on April 30, 2021, to shareholders of record by March 25, 2021. The ex-dividend date is set for March 24, 2021, allowing investors to benefit from this distribution.
Altria Group is participating in the virtual CAGNY Conference, focusing on its 10-Year Vision and sustainability initiatives. CEO Billy Gifford emphasized the company's growth in non-combustible products and commitment to environmental, social, and governance (ESG) practices. Altria reaffirmed its 2021 adjusted diluted EPS guidance between $4.49 and $4.62, expecting 3% to 6% growth from 2020. The guidance considers various factors, including regulatory developments and consumer dynamics, while excluding certain charges related to debt extinguishment and asset impairments.
Altria Group (NYSE: MO) announced pricing terms for cash tender offers for its senior unsecured notes. The total maximum amount for the offers is $4.623 billion, covering various note pools with specific maturities. The tender offers will expire on March 1, 2021, unless extended. Altria expects to record a pre-tax charge of approximately $645 million, or $0.27 per share, in Q1 2021 due to the tender offer and redemption of certain notes. The company encourages holders to evaluate the Offer to Purchase for detailed conditions.
Altria Group, Inc. (NYSE: MO) announced the early results of its cash tender offers for senior unsecured notes, increasing maximum purchase amounts for various pools of notes. The Pool 1 Maximum Amount has been raised to purchase all validly tendered 2.850% Notes due 2022 and 2.950% Notes due 2023. Additionally, increases have been made to Pool 2, Pool 4, and Aggregate Maximum Amounts. The Tender Offers will expire on March 1, 2021, and holders are encouraged to evaluate all information before participating.
Altria (NYSE:MO) announces that CEO Billy Gifford has joined The Valuable 500, promoting disability inclusion in business leadership. Altria commits to integrate disability inclusion into senior leadership priorities, take actionable steps, and communicate its commitment globally. The company aims for at least 7% of vice presidents or directors to identify as individuals with disabilities. Gifford emphasized the importance of a diverse workforce for achieving Altria's vision of transitioning adult smokers to non-combustible products. Altria's RISE network supports employees and families with disabilities.
Altria Group is set to present at the Consumer Analyst Group of New York conference on February 17, 2021, at 12:30 p.m. Eastern Time. The presentation will feature Altria's CEO, Billy Gifford, and CFO, Sal Mancuso, and will be available via webcast on www.altria.com/webcasts. An archived version will also be accessible on altria.com following the live event. This presentation is an important platform for discussing Altria's business strategies and financial outlook.
Altria Group, Inc. (NYSE: MO) has initiated cash tender offers for its senior unsecured notes, aiming to alleviate near-term maturity towers and extend debt maturity. The offers include up to $500 million for 2.850% and 2.950% Notes due 2022 and 2023, $1 billion for 4.000% and 3.800% Notes due 2024, and more. The total maximum amount across all pools is $3.65 billion. Alongside this, Altria plans a public offering of new senior unsecured notes to finance these transactions, which may incur a one-time charge in Q1 2021 due to early debt extinguishment.
Altria Group reported its 2020 Q4 and full-year results, showcasing net revenues of $6.3 billion in Q4, up 4.9%, and $26.2 billion for the year, a 4.2% increase. Adjusted diluted EPS for 2020 was $4.36, with 2021 guidance set at $4.49 to $4.62, reflecting a growth of 3% to 6%. The Board authorized a new $2 billion share repurchase program, expected to conclude by mid-2022. Altria is focusing on its 10-year Vision to transition smokers to noncombustible products. Despite challenges from COVID-19, the tobacco segment remained resilient, with significant investments planned for future growth.
Altria Group will host a live audio webcast on January 28, 2021, at 9:00 a.m. ET to discuss its 2020 fourth-quarter and full-year business results. A press release will be issued at 7:00 a.m. ET on the same day, and the webcast can be accessed at altria.com. CEO Billy Gifford and CFO Sal Mancuso will present the results and address questions from investors and media. Note that the webcast will be in listen-only mode, and pre-event registration is required at www.altria.com/webcasts.
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