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Altria Group (NYSE:MO) manufactures and sells smokeable and oral tobacco products in the U.S.
The 52-week range of Altria stock price was $43.44 to $60.18.
Altria's dividend yield is 6.81%. It paid $4.08 per share in dividends during the last 12 months.
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The Latest On Altria Group
On April 29, the company announced its Q1 2025 earnings, posting revenues of $5.26 billion, down 5.7% year-over-year, but above the consensus estimate of $4.62 billion, as reported by Benzinga. Adjusted EPS of $1.23 beat the consensus estimate of $1.18.
Altria raised its full-year 2025 adjusted EPS guidance from a range of $5.22 to $5.37 to $5.30 to $5.45, compared to the consensus estimate of $5.32.
How Can You Earn $100 Per Month As An Altria Group Investor?
If you want to make $100 per month — $1,200 annually — from Altria dividends, your investment value needs to be approximately $17,621, which is around 294 shares at $59.87 each.
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Understanding the dividend yield calculations: When making an estimate, you need two key variables — the desired annual income ($1,200) and the dividend yield (6.81% in this case). So, $1,200 / 0.0681 = $17,621 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.
The dividend yield can change over time. This is the outcome of 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 to come as investors benefit from the company's consistent dividend hikes. Altria Group has raised its dividend consecutively for the last 55 years.