Altria Group (NYSE:MO) Updates On Quarterly Dividend


As per Altria Group (NYSE:MO) statement on 2016-05-19, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.565 per share as dividend to stakeholders. The record date is set as 2016-06-15, the payout date as 2016-07-11 and the ex-dividend date is 2016-06-13.

Last fiscal Altria Group (NYSE:MO) disbursed cash dividend of $0.565. A year ago, the payout was $0.565, which indicates a difference of 8.5%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.565, implying 8.2484% growth.

For the period ended on 2015-12-31, Altria Group (NYSE:MO)’s earnings came at $0.81 per share compared to EPS of $0.75 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-11-03. For this quarter, the analysts have earnings estimate of $0.81 per share.

The interim price target for Altria Group (NYSE:MO) is set at $69.285. This level is the mean price reached by averaging the stock views of 7 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Altria Group (NYSE:MO) is seen at $74 and the lowest level is established at $62. This broad range highlights a standard deviation of $4.029 in reported estimates.

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