Financial Strength

Altria Group has an outstanding long-term track record of creating value for shareholders. For example, the company has increased its dividend 52 times in the last 49 years.*
Altria Group has an outstanding long-term track record of creating value for shareholders. For example, the company has increased its dividend 52 times in the last 49 years.*
  Green Right
​From 2012 to 20171 we produced adjusted diluted earnings per share growth at a compounded annual rate of approximately 8.9 percent2 and we’ve consistently grown our dividend. Over this period, we’ve produced total shareholder returns of 181 percent, which far outperformed the S&P 500 and S&P Food, Beverage and Tobacco Index by more than 70 percent.​
Strategies for Long-Term Growth​
Altria is focused on the following strategies to create substantial value for its shareholders:​
Maximize income from our combustible tobacco businesses​
Grow income over time with non-combustible tobacco products​
Manage our diverse income streams and strong balance sheet to deliver consistent financial performance over the long term​
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. Our goal is to be the leading oral tobacco and oral nicotine products company with products that appeal to a diverse set of adult tobacco consumers and have the potential to reduce harm.​

​John Middleton​​ manufactures large machine-made cigars and pipe tobacco. Its strategy is to maximize income, while maintaining momentum on Black & Mild over time.
Nat Sherman​ is a super-premium cigarette and cigar business founded in New York City in 1930.​

​Nu Mark​ is an Altria innovation company focused on developing and marketing e-vapor products for adult smokers and vapers. Our goal is to lead the U.S. e-vapor category through a portfolio of superior reduced risk products that adult smokers and vapers choose over cigarettes.​​​​
​Ste. Michelle Wine Estates​​ has a strong portfolio of premium brands and a widely respected leadership team. In 2017, for the second consecutive year, more than 240 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 $36 billion global beer profit pool.​
For a complete review of Altria's financial condition and results of operations, including the various factors that could cause our actual results to differ materially from our projections, please see our periodic reports​​ (Annual Report on Form 10-K and Quarterly Reports on Form 10-Q) filed with the U.S. Securities and Exchange Commission.​
Our Financial Performance3​
Net Revenues ($ in millions)
Annualized Dividends per Share
August 2015
August 2016
August 2017
 Other Direct Economic Value in 20174
In cash
contributions to
In charges for
FDA user fees
In excise taxes
on products sold
In dividends paid
on common
Paid against
pension and
In charges to
state settlement