Cheap Valuable Stocks You Can Buy - Altria

Cheap Valuable Stocks You Can Buy - Altria, Some might say the US tobacco industry is dead due to falling cigarette sales volume, but Altria paints a different picture. The nicotine giant managed to grow in 2020 despite a difficult year that went through due to the coronavirus epidemic (which may have benefited from the industry with increased smoking rates).

If the return to low-risk products continues in the coming years, it could support growth.

Altria compensated for the 0.2 percent drop in product sales volumes with all-year revenues, with price increases.

For the full year, revenue increased 4.2 percent, earning $ 6.3 billion.

The company generated full annual adjusted earnings (EPS) of $ 4.36 per share. Altria also has a dividend yield of 7.9 percent and has become a Dividend King of the picture, raising its payouts for 51 consecutive years. CEO Bill Gifford announced that they plan to turn the Altria business strategy into reduced-risk tobacco products, such as tobacco products that release nicotine through heating and not burn, rather than oral tobacco, vaporizers and burning. The company holds a majority stake in Helix Innovations, a manufacturer of nicotine sachets, and the commercialization rights of IQOS in the USA.

It is said that the tobacco heating system releases less harmful chemicals than traditional cigarettes.

Altria owns a stake in the electronic cigarette company JUUL Labs, which lost $ 2.6 billion in value in 2020 due to legal difficulties with the regulator. Cheap Valuable Stocks You Can Buy - Altria Source: https://www.fool.com/ You may also be interested in: Cheap Valuable Stocks You Can Buy - MGM Resorts