Altria Shares Stay Firm in Selloff as CEO Change and Dividend in Focus
Altria Group closed Friday at $73.09, up 0.94%, bucking a broad market selloff that saw the S&P 500 drop 1.24%. The stock climbed 7.3% over the week amid a CEO change and a declared $1.06 quarterly dividend, implying a 5.8% yield. Peers Philip Morris and British American Tobacco both fell Friday. Altria’s first-quarter adjusted earnings per share rose 7.3% to $1.32.