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Altria Group (NYSE:MO) declared a quarterly dividend on Thursday, August 21st, American Banking and Market News reports. Stockholders of record on Monday, September 15th will be given a dividend of 0.52 per share on Friday, October 10th. This represents a $2.08 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Thursday, September 11th.

MO has been the subject of a number of recent research reports. Analysts at Cowen and Company initiated coverage on shares of Altria Group in a research note on Thursday, July 10th. They set an “outperform” rating and a $91.00 price target on the stock. Analysts at Stifel Nicolaus raised their price target on shares of Altria Group from $40.00 to $43.00 in a research note on Monday, June 2nd. They now have a “buy” rating on the stock. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $49.43.

Shares of Altria Group (NYSE:MO) traded up 0.37% during mid-day trading on Thursday, hitting $42.616. The stock had a trading volume of 2,466,140 shares. Altria Group has a 52-week low of $33.12 and a 52-week high of $43.70. The stock’s 50-day moving average is $41.9 and its 200-day moving average is $39.45. The company has a market cap of $84.380 billion and a P/E ratio of 19.62.

Altria Group (NYSE:MO) last released its earnings data on Tuesday, July 22nd. The company reported $0.65 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.66 by $0.01. The company had revenue of $6.26 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $0.62 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts expect that Altria Group will post $2.57 EPS for the current fiscal year.

Altria Group, Inc, is a holding company. At December 31, 2012, Altria Group, Inc’s direct and indirect wholly-owned subsidiaries included Philip Morris USA Inc (NYSE:MO), which is engaged in the manufacture and sale of cigarettes and certain smokeless products in the United States; John Middleton Co (Middleton), which is engaged in the manufacture and sale of machine-made cigars and pipe tobacco, and is a wholly owned subsidiary of PM USA; and UST LLC (UST), which through its direct and indirect wholly-owned subsidiaries, including U.

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