Here's How You Can Earn $100 In Passive Income By Investing In Altria Group Stock

Here’s How You Can Earn $100 In Passive Income By Investing In Altria Group Stock

December 29, 2024

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Altria Group, Inc. (NYSE:MO) manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.

It will report its Q4 2024 earnings on Jan. 30, 2025. Wall Street analysts expect the company to post an EPS of $1.29, up from $1.18 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $5.06 billion, up from $5.02 billion in the year-ago period.

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The 52-week range of Altria Group stock price was $39.25 to $58.04.

Altria Group’s dividend yield is 7.58%. During the last 12 months, it paid $4.08 per share in dividends.

On Oct. 31, the company announced its Q3 2024 earnings, posting an adjusted earnings per share of $1.38, beating the street view of $1.35, as reported by Benzinga. Quarterly sales of $5.334 billion (+1.3%) beat the analyst consensus estimate of $5.326 billion.

The smokeable products segment reported that domestic cigarette shipment volume decreased 8.6%, primarily due to the industry’s decline rate and retail share losses. Trade inventory movements and calendar differences partially offset this. Marlboro shipment volume fell 7.5% in the quarter.

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The company reaffirmed its guidance for 2024, projecting adjusted diluted EPS to range from $5.07 to $5.15 (estimate: $5.10). This reflects a 2.5% to 4% growth rate compared to the 2023 base of $4.95, with anticipated growth weighted toward the year’s second half.

If you want to make $100 per month –$1,200 annually – from Altria Group dividends, your investment value needs to be approximately $15,831, which is around 294 shares at $53.84 each.

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (7.58% in this case). So, $1,200 / 0.0758 = $15,831 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Altria Group stock an attractive option for making a steady income of $100 per month by owning 294 shares of stock. There may be more upside as investors benefit from the company’s consistent dividend hikes. Altria Group has raised its dividend consecutively for the last 15 years.

Check out this article by Benzinga for three more stocks offering high dividend yields.

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This article Here’s How You Can Earn $100 In Passive Income By Investing In Altria Group Stock originally appeared on Benzinga.com

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