Movement Alert|Altria Rises 3.04% in Regular Trading, Tobacco Sector Rallies on Dividend Hike

Market Focus
Oct 08

On October 8, Altria rose 3.04% in regular trading, trading at $71.49/share, with turnover of $2.96 billion.

The tobacco sector strengthened broadly, with Philip Morris up 4.17%, British American Tobacco up 2.14%, and Universal up 0.32%. The move follows Altria's late August announcement of a quarterly dividend increase from $1.06 to $1.11 per share, reinforcing shareholder return expectations.

Altria Group, Inc., through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States, including Marlboro cigarettes, Black & Mild cigars, Copenhagen and Skoal smokeless tobacco, and on! oral nicotine pouches.

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