Altria: For Dividend Investors Only

Summary:

• Altria’s stock price is up by 14% in the past five weeks, driven by a Q3 earnings surprise with adjusted EPS of USD1.38, exceeding estimates.
• There’s more supporting the stock’s increase, too. NJOY vapes’ market share is rising and there could be incoming policy support to clamp down on the illegal vape market too.
• However, Altria’s P/E ratio isn’t competitive anymore, though a still strong forward dividend yield makes a case for it.

Since I last wrote about tobacco stock Altria (NYSE:MO) at the end of October, its price has risen by over 14%. This is a notable increase even in its own right, but it’s even more so considering that from

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