Tobacco stocks have been on an incredible run as of late.
A recent article from the Financial Times (FT) argues that Tobacco use is still rising — although the majority of established markets have stalled and approximately four in every five smokers are in developing economies. “Where there is potential for faster growth in emerging markets than in mature, it will be driven by pricing and trading up,” Oriel Securities analyst Chris Wickham told FT.
Global Industry Analysts Inc. (GIA) recently issued a report stating that major factors driving emerging market tobacco growth include rising demand for international brands and favorable socio-economic factors.
Altria Group, Inc., through its subsidiaries, engages in the manufacture and sale of cigarettes, smokeless products, and wine in the United States and internationally. Last month the company announced that its Board of Directors declared a regular quarterly dividend of $0.41 per common share, payable on April 10, 2012, to shareholders of record as of March 15, 2012.
Philip Morris International Inc., through its subsidiaries, manufactures and sells cigarettes and other tobacco products.
- Net profit of Altria Group tobacco holding
- Philip Morris International Reaches New 52-Week High
- Philip Morris International Heading To $75 On Cig Popularity In Asia