How to Generate 0 in Passive Income by Investing in Altria Group Stock

If you’re looking to earn passive income, investing in Altria Group stock could be a lucrative option. Altria Group, Inc. (NYSE: MO) is a well-known company that manufactures and sells smokeable and oral tobacco products in the United States. With a strong presence in the market, Altria Group has been a reliable source of dividends for investors.

The company is set to report its Q4 2024 earnings on Jan. 30, 2025. Analysts are expecting an EPS of $1.29, up from $1.18 in the previous year. Quarterly revenue is projected to be $5.06 billion, showing growth from the year-ago period. This indicates a positive outlook for the company’s financial performance.

One of the key attractions of investing in Altria Group stock is its dividend yield, which currently stands at an impressive 7.58%. Over the last 12 months, the company has paid out $4.08 per share in dividends, making it an attractive option for income-focused investors.

In its recent Q3 2024 earnings report, Altria Group exceeded expectations with an adjusted EPS of $1.38. Quarterly sales also beat analyst estimates, showing a positive trend in the company’s performance. Despite challenges in the smokeable products segment, Altria Group has maintained its position in the market.

For investors looking to generate $100 per month in passive income from Altria Group dividends, an investment value of approximately $15,831 is needed. This translates to owning around 294 shares of stock at the current price of $53.84 each. Understanding the dividend yield calculations is crucial in determining the investment needed to achieve the desired income.

Altria Group’s consistent dividend hikes over the years make it an attractive option for investors seeking steady income. The company has raised its dividend consecutively for the last 15 years, indicating its commitment to rewarding shareholders.

In conclusion, Altria Group stock presents an opportunity for investors to earn passive income through dividends. With a strong dividend yield and a track record of consistent payouts, the company offers a reliable source of income for income-focused investors. Consider exploring this investment option to diversify your portfolio and potentially earn $100 per month in passive income.

Overall, investing in Altria Group stock could be a strategic move for those looking to generate passive income and build wealth over time. Keep an eye on the company’s performance and dividend announcements to make informed investment decisions.

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