Altria Group, Inc. (NYSE:MO) is included among the 14 Best American Dividend Stocks to Invest in.
On March 9, UBS analyst Faham Baig raised the firm’s price recommendation on Altria Group, Inc. (NYSE:MO) to $74 from $67. The firm reiterated a Buy rating on the shares. The analyst said US cigarette volume declines appear to be moderating. Industry volumes are expected to fall about 6% in Q1, which would mark the smallest drop since 2021. The slowdown partly reflects weaker growth in the vapor category and stabilizing nicotine penetration, Baig told investors in a research note. Price investment and strength in the deep-discount segment may also support Altria’s market share. If that trend holds, the company’s volume decline could track roughly in line with the broader market, the firm said.
Altria’s dividend policy has remained consistent over the years. The company paid dividends of $1.8 billion in the fourth quarter and $7.0 billion for the full year. It has outlined a progressive dividend policy and expects dividend per share to grow at a mid-single-digit annual rate through 2028. In 2025, the company raised its dividend by 3.9%. That marked the 60th increase over the past 56 years. Any future dividend payments will still depend on approval from the company’s board of directors.
Altria Group, Inc. (NYSE:MO) operates a portfolio of tobacco products for US tobacco consumers aged 21+. Its business is organized into two segments: smokeable products and oral tobacco products. The smokeable products segment includes combustible cigarettes and machine-made large cigars.
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