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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.
News For MO From The Last 14 Days
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August 31, 2014
13:44 EDTMOBarclays to hold a conference
Back-to-School Consumer Conference to be held in Boston on September 3-5.
August 27, 2014
07:28 EDTMOTobacco giants grab C-store e-cig share as sales shift to 'vape shops,' WSJ says
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August 26, 2014
13:17 EDTMOWHO calls on countries to restrict e-cigarette use, NY Times says
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12:16 EDTMOCourt rules Philip Morris must protect itself against suit, Bloomberg says
An appeals court ruled that Philip Morris USA, a unit of Altria Group, needs to protect itself against a whistle-blower case regarding military cigarette pricing, according to Bloomberg, citing comments that U.S. Circuit Judge Cornelia wrote for a three-panel judge. The ruling rejects the company's allegation that the case didn't cite new data. Reference Link
August 21, 2014
12:00 EDTMOAltria Group raises quarterly dividend by 8.3% to 52c from 48c
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