Altria reaffirms its 2014 reported diluted EPS forecast to be between US$2.53-US$2.60; company also declares dividend of US$0.48/common share, payable July 10 to shareholders as of June 16
Nevin Barich
RICHMOND, Virginia
,
May 14, 2014
(press release)
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Altria announces Annual Meeting voting results. Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.
Altria reaffirms 2014 full-year guidance for reported and adjusted diluted earnings per share.
Altria declares regular quarterly dividend of $0.48 per common share.
Altria Group, Inc. (Altria) (NYSE:MO) held its 2014 Annual Meeting of Shareholders (Annual Meeting) today. Altria’s Chairman and Chief Executive Officer, Marty Barrington, updated shareholders on Altria’s continuing progress against its corporate Mission and core strategies, including creating substantial value for shareholders.
Voting Results for Altria's Annual Meeting
At the Annual Meeting, Altria's shareholders elected to a one-year term each of the 11 nominees for director named in Altria's proxy statement, ratified the selection of PricewaterhouseCoopers LLP as Altria's independent registered public accounting firm for the fiscal year ending December 31, 2014, approved, on an advisory basis, the compensation of Altria's named executive officers, and defeated two shareholder proposals. Final voting results will be reported in a Current Report on Form 8-K.
2014 Full-Year Earnings Per Share Guidance
Altria reaffirms its 2014 full-year guidance for reported diluted earnings per share (EPS) to be in the range of $2.53 to $2.60.
Altria also reaffirms its guidance for 2014 full-year adjusted diluted EPS, which excludes the special items shown in the table below, to be in the range of $2.52 to $2.59, representing a growth rate of 6% to 9% from an adjusted diluted EPS base of $2.38 in 2013.
The factors described in the Forward-Looking and Cautionary Statements section of this release represent continuing risks to this forecast.
Regular Quarterly Dividend
Following the Annual Meeting, Altria’s Board of Directors declared a regular quarterly dividend of $0.48 per common share, payable on July 10, 2014, to shareholders of record as of June 16, 2014. The ex-dividend date is June 12, 2014.
Remarks and Presentation
A copy of Mr. Barrington's prepared remarks and business presentation, as well as a replay of the audio webcast of the Annual Meeting are available on altria.com.
Altria’s Profile
Altria owns 100% of each of PM USA, U.S. Smokeless Tobacco Company LLC (USSTC), John Middleton Co. (Middleton), Nu Mark LLC (Nu Mark), Ste. Michelle Wine Estates Ltd. (Ste. Michelle) and Philip Morris Capital Corporation. Altria holds a continuing economic and voting interest in SABMiller plc (SABMiller).
The brand portfolios of Altria’s tobacco operating companies include Marlboro®, Black & Mild®, Copenhagen®, Skoal®, MarkTen™ and Green Smoke®. Ste. Michelle produces and markets premium wines sold under various labels, including Chateau Ste. Michelle®, Columbia Crest®, 14 Hands® and Stag’s Leap Wine Cellars®, and it imports and markets Antinori®, Champagne Nicolas Feuillatte™ and Villa Maria Estate™ products in the United States. Trademarks and service marks related to Altria referenced in this release are the property of Altria or its subsidiaries or are used with permission. More information about Altria is available at altria.com.
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