Altria Group Stock To Go Ex-dividend Tomorrow (MO)

NEW YORK (TheStreet) -- The ex-dividend date for Altria Group (NYSE:MO) is tomorrow, September 13, 2011. Owners of shares as of market close today will be eligible for a dividend of 41 cents per share. At a price of $26.09 as of 9:30 a.m. ET, the dividend yield is 6.1%.

The average volume for Altria Group has been 14.6 million shares per day over the past 30 days. Altria Group has a market cap of $55.9 billion and is part of the consumer goods sector and tobacco industry. Shares are up 7.1% year to date as of the close of trading on Friday.

Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. The company has a P/E ratio of 16.5, equal to the average tobacco industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Altria Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Altria Group Ratings Report.

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