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Stock Market & Financial Investment News

News Breaks
February 19, 2014
10:00 EDTMOAltria Group says looks to grow adjusted EPS at average annual rate of 7%-9%
Says long term financial goals haven't changed. Aims to maintain dividend payout ratio 80% of adjusted EPS. Sees Nu Mark acquisition of Green Smoke closing by Q2. The company said its current $1B repurchase program is expected to be completed by the end of Q3. Says core tobacco businesses positioned to deliver strong income growth. Plans to continue making investments to build Nu Mark's e-vapor business. Comments made during the CAGNY conference.
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