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Is This Dividend King Still a Buy After Disappointing Earnings?

Summary by 247wallst.com

Altria (NYSE:MO) reported earnings on Thursday that beat analyst expectations, but the tobacco giant was hit with a one-two punch on its next-generation products portfolio. Shares of MO ended down 2% for the day as the market also thought its outlook for 2025 was lackluster. Yet Altria still leads the cigarette market by a wide margin, its profits are solid, and its dividend that yields 8% annually remains secure. Having raised the payout for 55…

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Is This Dividend King Still a Buy After Disappointing Earnings?

Altria (NYSE:MO) reported earnings on Thursday that beat analyst expectations, but the tobacco giant was hit with a one-two punch on its next-generation products portfolio. Shares of MO ended down 2% for the day as the market also thought its outlook for 2025 was lackluster. Yet Altria still leads the cigarette market by a wide margin, its profits are solid, and its dividend that yields 8% annually remains secure. Having raised the payout for 55…

23 days ago·New York, United States

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247wallst.com broke the news in New York, United States 23 days ago on Friday, January 31, 2025.

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