Recently, I purchased some shares of Altria Group, Inc. (MO) for the very first time into my portfolio and lucky me, the price kept going and going down all the way to around $61 per share. I knew all the short terms fears would be paying off big time especially in long term perspective since the whole story created huge fluctuation for the stock price. Well, I essentially dollar cost averaged and purchased some more shares of this starwort tobacco business. What is not to love here?
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: 4.3%
- 3Yr Dividend Growth Rate: 8.6%
- Payout Ratio: 32.1%
- P/E: 8.0
- Consecutive Years of Dividend Raises: 9
- Dividend Payout: Quarterly
I purchased 25 shares of Altria Group, Inc. (MO) for the price of $61.20 per share for a total investment of $1,530.00 adding around $66.00 to my annual dividend income.
This is the 8th time I am initiating a stock acquisition this year. This transaction is my additional purchase of MO shares into the portfolio. As of today, I now hold a total of 46.22 shares of the company. Additionally, MO ownership stake represents to be around 2.7% of my total portfolio value.
The Portfolio “The Dividend Machine” has been updated with link > here.
Thank you for reading & have a great day!