Dividend Post
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NOTE: MO was split into two companies. We will be
re-establishing values based on the new structures for
each company. Look out for updates in your email
notices.
ALTRIA GROUP
SYMBOL:
MO
Altria is a leading global manufacturer of cigarettes and other tobacco products, with 50% market share domestically, 40% in Western Europe, 25% in Japan, and 60% in Latin America.
A quick look at the numbers:
YEAR
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
Trailing Twelve Months
Net Income
6310
5372
7675
8510
8560
11102
9204
9416
10435
12022
10557
Depreciation and Amortization
585
584
582
591
1014
1331
1440
1607
1675
1804
xx
Capital Spending
1874
1804
1749
1682
1922
2009
1974
1913
2206
2454
2564
Owner earnings
5021
4152
6508
7419
7652
10424
8670
9110
9904
11372
######
Dividends Paid
3885
3984
4338
4500
4769
5068
5285
5672
6191
6815
6872
DTCF
77.38%
95.95%
66.66%
60.66%
62.32%
48.62%
60.96%
62.26%
62.51%
59.93%
######
As this number increases, less capital is available to increase the business potential. Conversely, as this number decreases, more capital can be deployed in the business. A very high number here implies the company will require debt or equity financing to grow the business.
Dividends per share
0.39
0.44
0.5
0.56
0.6
0.64
0.68
0.72
0.8
0.88
1
Number of shares outsanding
2426
2324
2194
2117
2049
2041
2067
2088
2100
Owner Earnings per share
#DIV/0!
1.71
2.8
3.38
3.61
5.09
4.25
4.41
4.74
5.42
######
Actual EPS
2.2
3.19
3.75
3.88
5.21
4.52
4.57
5.1
5.71
xx
owner earnings / EPS
#DIV/0!
0.78
0.88
0.9
0.93
0.98
0.94
0.96
0.93
0.95
######
We must ensure that a company's owner earnings do not fall as a percentage of EPS, as this would indicate a deteriorating return on capital.
SNAPSHOT Feb 2 2008
ALTRIA GROUP INC (NYSE:MO)
Last Trade:
75.38
Day's Range:
74.48 - 76.31
Trade Time:
2:11PM ET
52wk Range:
63.13 - 87.85
Prev Close:
75.79
Volume:
7,059,817
Open:
75.99
Avg Vol (3m):
12,371,200
Bid:
N/A
Market Cap:
158.77B
Ask:
N/A
P/E (ttm):
15.08
1y Target Est:
85.22
EPS (ttm):
5
Div & Yield:
3.00 (3.90%)
Marlboro is a global cigarette franchise to be reckoned with, generating more sales volume than the next 10 leading domestic (and the next seven leading international) brands combined. A joint venture with China National Tobacco provides Altria with prime access to the largest cigarette market in the world. China currently accounts for one third of the world's total consumption.
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