Financial Strength

Altria Group has an outstanding long-term track record of creating value for shareholders. For example, the company has increased its dividend 50 times in the last 48 years.*
Altria Group has an outstanding long-term track record of creating value for shareholders. For example, the company has increased its dividend 50 times in the last 48 years.*
  Green Right
​From 2012 to 20161 we produced adjusted diluted earnings per share growth at a compounded annual rate of approximately 8.1 percent2 and we’ve consistently grown our dividend. Over this period, we’ve produced total shareholder returns of 187 percent, which far outperformed the S&P 500.​
Strategies for Long-Term Growth​
Altria is focused on the following strategies to create substantial value for its shareholders:​
 
Maximize income from our core premium tobacco businesses over the long-term​
 
Grow new income streams with innovative tobacco products​
 
Manage our diverse income streams and strong balance sheet to deliver consistent financial performance.​
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Highlights from Altria's Leading Operating Companies
Altria’s tobacco operating companies have leading positions in the most profitable tobacco categories in the United States: cigarettes, smokeless tobacco products and tipped machine-­made large cigars. Altria’s tobacco operating companies’ performance is driven by a focus on four premium brands: Marlboro, Black & Mild, Copenhagen and Skoal. Each of these brands has superior brand equity and strong adult demographics that support premium pricing. Altria’s tobacco operating companies focus on brand momentum, which we view as continued strength across a variety of brand metrics, including brand equity, demographics, retail share and profitability. 
​Philip Morris USA​ is the largest tobacco company in the U.S. and has more than half of the retail share in the highly profitable U.S. cigarette category.​ Its strategy is to maximize income, while maintaining momentum on Marlboro over time.

U.S. Smokeless Tobacco Company​ is the world's largest smokeless tobacco company. USSTC's strategy is to increase income by growing volume  at or ahead of category growth rate, while maintaining momentum on Copenhagen and Skoal combined.​

​John Middleton​​ manufactures large machine-made cigars and pipe tobacco. Its strategy is to maximize income, while maintaining momentum on Black & Mild over time.

​Nu Mark​, our e-vapor company, supports our strategy to grow new income streams with innovative tobacco products. The company is focused on responsibly developing and marketing innovative tobacco products for adult tobacco consumers. Nu Mark’s goal is to succeed in the U.S. e-vapor category in the ​long term.​
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​Ste. Michelle Wine Estates​​ has a strong portfolio of premium brands and a widely respected leadership team. From 2012 to 20161​ Ste. Michelle grew adjusted operating companies income approximately 12 percent on a compounded annual basis.2​ In 2016, for the second consecutive year, more than 260 of Ste. Michelle wines received ratings of 90 or higher​.

​Altria's tobacco companies are complemented by our wine and beer assets, which help give Altria the most diverse business model amongst our U.S. peers. Our approximately 10.2 percent economic interest in AB InBev​ allows us to participate in the roughly $36 billion global beer profit pool.​
For a complete review of Altria's financial condition and results of operations, including the various factors that could cause our actual results to differ materially from our projections, please see our periodic reports​​ (Annual Report on Form 10-K and Quarterly Reports on Form 10-Q) filed with the U.S. Securities and Exchange Commission.​