This acquisition came a lot later in my investment journey as it probably should have, but nevertheless a small peace of this beautiful business of Altria Group, Inc. (MO) is in my portfolio “The Dividend Machine“. The stock price has been accelerating upwards fast throughout this year of 2017 and just lately seen a nice decline in price starting in mid March 2017. It is now sitting about 7.4% off of its 52 week high. I believe the shares are valued fairly at this point, especially at such a low P/E Ratio it is trading at this time.
Altria Group, Inc. was founded in 1919 and is headquartered in Richmond, Virginia. Essentially, the company through its subsidiaries manufactures and sells cigarettes, smokeless products, and wine in the United States. It offers a diversified portfolio of cigarettes primarily under the Marlboro brand; cigars principally under the Black & Mild brand; and moist smokeless tobacco products under the Copenhagen and Skoal, Red Seal, and Husky brands. The company also produces and sells varietal and blended table wines, and sparkling wines under the Chateau Ste. Michelle, Columbia Crest, and 14 Hands names; and imports and markets Antinori, Torres, and Villa Maria Estate wines, as well as Champagne Nicolas Feuillatte in the United States. Lastly, it provides finance leasing services primarily in aircraft, electric power, railcar, real estate, and manufacturing industries.
- Dividend Yield: 3.5%
- 3Yr Dividend Growth Rate: 8.6%
- Payout Ratio: 74.2%
- P/E: 9.5
- Consecutive Years of Dividend Raises: 8
- Dividend Payout: Quarterly
I purchased 21 shares of MO for the price of $70.73 per share for a total investment of $1,485.33 adding around $51.24 to my annual dividend income.
It is the 4th time I am initiating a stock acquisition this year. This transaction is my first ever purchase of MO shares into the portfolio. Currently, MO ownership stake represents to be around 1.4% of my current portfolio value. Also, the acquisition of MO makes it the 39th company I am invested in.
The 12-month dividend income increases to $3,255.
Portfolio “The Dividend Machine” has been updated with link > here.
Thank you for reading & have a great day!