Sunday, December 15, 2013
Altria – A Solid Dividend Stock
The Altria Group Inc. (MO) is the largest tobacco company in the US by revenues. It manufactures and markets smoke-able and smokeless tobacco products, along with wines and cigars. The company, whose iconic Marlboro cigarettes alone dominate 50% of the US cigarette market, recorded revenues of $17.5 billion during FY12.
Having spun off Phillip Morris International (PM) in 2008, Altria now focuses only on the US, with Phillip Morris International in control of the Marlboro brand overseas. Read More : MO, PM, LO, RAI, SAB.