High Dividend Stock (Part 3)
Altria Group (NYSE:MO) $Altria(MO)$
Altria Group, Inc., through its subsidiaries, manufactures and sells smokable and oral tobacco products in the United States. The company provides the Marlboro brand, the Black & Mild brand, and the Copenhagen, Skoal, Red Seal, and Husky brands. It sells its tobacco products primarily to wholesalers, including distributors; and large retail organizations, such as chain stores.
According to the issued ratings of 7 analysts in the last year, the consensus rating for MO is HOLD based on the current 1 sell rating, 4 hold ratings and 2 buy ratings for MO. The average twelve-month price prediction for MO is USD 53.63 with a high price target of USD 60.00 and a low-price target of USD 50.00. MO has a predicted upside of 1.68% based on their 12-month price targets.
The MO stock price recorded the highest, which is USD 89.40 per share on 11th January 2007, while the 52-week high was USD 57.05 per share on 2nd May 2022, 20.5% higher than currently trading at USD 45.38 (16th June 2022).
The annual dividend for MO is USD 3.60 and pays quarterly dividends to shareholders. Over the past three years, MO's dividend has grown by an average of 5.47% per year. The most recent change in MO's dividend was an increase of USD 0.04 on Thursday, August 26, 20.
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