Daily Archives: August 29, 2011

Altria Fires Up Dividend Hike, Riding Smokeless To $30 Stock Price

On Friday, Altria increased its dividend by 7.9% to $0.41 per common share, making it 45 times in the last 42 years that the company has hiked the dividend. With a set of new product launches in addition to its strong product mix and pricing power, the Altria Group is well positioned to grow in the smokeless tobacco segment.

Tobacco crop up a bit, down from a decade ago

[caption id="attachment_9380" align="aligncenter" width="580" caption="Third-generation Kentucky tobacco farmer Gene Witt says this year's crop, his 46th, may be his last."]tobacco farmer[/caption]

SHELBYVILLE, Ky. — It’s harvest time in much of the nation’s tobacco patches, and this year’s harvest is expected to be among the smallest in at least a decade.