Altria Stock Rebounds Near Ex-Dividend Date as MO Investors Weigh Yield, Valuation and July Earnings
Altria Group, Inc. shares ended Friday at $71.94, up $0.53, or 0.74%, after trading between $71.14 and $72.02, with volume of about 8.41 million shares. The rebound followed a sharper Thursday decline, when MO fell 2.35% even as the S&P 500 and Dow Jones Industrial Average rose, a sign that tobacco-specific concerns outweighed the broader market’s strength for a day. Stocks generally rise when investors are willing to pay more for future earnings and dividends, and fall when risks, valuation pressure or weaker growth expectations reduce that willingness.
