Altria: raises dividend and restores targets
(CercleFinance.com) - On presenting its quarterly results, Altria announces that its Board of Directors has decided to increase its dividend per share by 2.
4% to 3.44 dollars on an annualized basis, or 86 cents on a quarterly basis.
Boasting a better understanding of the impact of Covid-19 on its industry, the tobacco giant is restoring its forecast for the current financial year of adjusted EPS of between 4.21-4.38 dollars, which suggests an increase of 0 to 4% compared to 2019.
In Q2, the tobacco giant, which owns the Philip Morris brand in the United States, as well as John Middleton and Nat Sherman, saw its adjusted EPS increase by 0.9% to 1.09 dollar, with revenues that are down 3.8% to less than 6.4 billion dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
4% to 3.44 dollars on an annualized basis, or 86 cents on a quarterly basis.
Boasting a better understanding of the impact of Covid-19 on its industry, the tobacco giant is restoring its forecast for the current financial year of adjusted EPS of between 4.21-4.38 dollars, which suggests an increase of 0 to 4% compared to 2019.
In Q2, the tobacco giant, which owns the Philip Morris brand in the United States, as well as John Middleton and Nat Sherman, saw its adjusted EPS increase by 0.9% to 1.09 dollar, with revenues that are down 3.8% to less than 6.4 billion dollars.
Copyright (c) 2020 CercleFinance.com. All rights reserved.