How To Earn $100 Per Month From Altria Stock

Altria Group, Inc. MO is one of the world’s largest producers and marketers of tobacco and cigarettes. Altria maintains the leading position in cigarettes and smokeless tobacco in the United States and holds the number-two spot in machine-made cigars.

The company will report its Q3 2024 earnings on October 24. Wall Street analysts expect the company to post an EPS of $1.35, up from $1.28 in the year-ago period. Quarterly revenue is expected to be $5.34 billion, up from $5.28 billion in the year-ago period.

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The 52-week range of Altria Group's stock price was $39.07 to $51.40.

Altria Group’s stock dividend yield is 7.73%. Over the last 12 months, it paid $3.93 per share in dividends.

The Latest On Altria Group

On July 31, Altria Group reported its Q2 2024 earnings, posting an adjusted EPS of $1.31, which was below the analyst consensus of $1.34. Quarterly revenue fell 3% year-over-year to $6.21 billion, but it significantly exceeded the consensus estimate of $5.40 billion.

As reported by Benzinga, the revenue decrease was primarily driven by lower net revenues in the smokable products segment, partially offset by higher net revenues in the oral tobacco products segment.

"In the second quarter, our companies' innovative smoke-free products delivered strong share and volume performance, and we hit meaningful milestones that we believe set us up for future success. NJOY received the first and only marketing-granted orders from the FDA for menthol e-vapor products, and we submitted PMTA applications to the FDA for next-generation NJOY! products," said CEO Billy Gifford.

Looking ahead, Altria narrowed its full-year adjusted EPS guidance from $5.05 – $5.17 to $5.07 – $5.15, compared to an estimate of $5.10. 

This recent piece by Benzinga analyzes the surge in options activity, noting that high-net-worth investors have taken a bullish stance on Altria Group.

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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 Group dividends, your investment value needs to be approximately $15,524, which is around 305 shares at $50.86 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (7.73% in this case). So, $1,200 / 0.0773 = $15,524 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, increasing 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 305 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.

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