Last $44.99 USD
Change Today +0.25 / 0.56%
Volume 8.1M
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As of 8:04 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

altria group inc (MO) Key Developments

Altria Group Inc. Reaffirms Earnings Guidance for the Full Year of 2014

Altria Group Inc. reaffirmed earnings guidance for the full year of 2014. For the year, the company reaffirmed diluted earnings per share (EPS) to be in a range of $2.54 to $2.59. Adjusted diluted earnings per share (EPS) to be in a range of $2.54 to $2.59.

Altria Increases Regular Quarterly Dividend, Payable on October 10, 2014

Altria Group Inc. announced that its Board of Directors voted to increase Altria's regular quarterly dividend by 8.3% to $0.52 per common share versus the previous rate of $0.48 per common share. The quarterly dividend is payable on October 10, 2014 to shareholders of record as of September 15, 2014. The ex-dividend date is September 11, 2014. The new annualized dividend rate is $2.08 per common share, representing a yield of 4.9% based on Altria's closing stock price of $42.46 on August 20, 2014.

Altria Group Inc. Presents at Barclays Capital Back-to-School Consumer Conference 2014, Sep-03-2014 12:45 PM

Altria Group Inc. Presents at Barclays Capital Back-to-School Consumer Conference 2014, Sep-03-2014 12:45 PM. Venue: InterContinental Hotel, Boston, Massachusetts, United States. Speakers: Howard A. Willard, Chief Financial Officer and Executive Vice President.

Altria Group Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Year 2014; Provides Earnings Guidance for Second Half of 2014

Altria Group Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net revenues of $6,256 million compared to $6,305 million a year ago. Operating income was $1,975 million compared to $2,001 million a year ago. Earnings before income taxes were $1,945 million compared to $1,964 million a year ago. Net earnings attributable to company were $1,262 million or $0.64 per basic and diluted earnings per share compared to $1,266 million or $0.63 per basic and diluted earnings per share a year ago. Adjusted diluted EPS was $0.65 compared to $0.62 a year ago. For the six months, the company reported net revenues of $11,773 million compared to $11,833 million a year ago. Operating income was $3,709 million compared to $4,153 million a year ago. Earnings before income taxes were $3,751 million compared to $4,111 million a year ago. Net earnings attributable to company were $2,437 million or $1.23 per basic and diluted earnings per share compared to $2,651 million or $1.32 per basic and diluted earnings per share a year ago. Adjusted diluted EPS was $1.22 compared to $1.16 a year ago. The company revised its guidance for the full year of 2014. It revised diluted EPS from a range of $2.53 to $2.60 to a range of $2.54 to $2.59. Altria also revised its 2014 full-year adjusted diluted EPS guidance, which excludes special items, from a range of $2.52 to $2.59 to a range of $2.54 to $2.59, representing a growth rate of 7% to 9% from an adjusted diluted EPS base of $2.38 in 2013. The company expects that its 2014 full-year reported effective tax rate and effective tax rate on operations will be approximately 35%. The company expects stronger adjusted diluted EPS growth in the second half of the year, particularly in the fourth quarter, driven by various factors. These include lower fourth-quarter costs in the smokeable products segment due to the end of the quota buy-out payments and a significantly lower fourth-quarter effective tax rate on operations compared to the fourth quarter of 2013 resulting from Altria's 2013 debt tender offer.

Altria Group Inc. Presents at Bank of America Merrill Lynch Global Consumer and Retail Conference, Sep-16-2014 through Sep-18-2014

Altria Group Inc. Presents at Bank of America Merrill Lynch Global Consumer and Retail Conference, Sep-16-2014 through Sep-18-2014. Venue: Rosewood Hotel, 252 High Holborn, London WC1V 7EN, United Kingdom. Presentation Date(s): Sep-17-2014. Sep-18-2014.

 

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