Keep an eye on Altria Group (MO).
After catching strong support, and getting a bit over-extended on RSI, MACD, and Williams’ %R, the MO stock is starting to pivot higher. From a current price of $43.67, we’d like to see it retest prior resistance around $47. As investors wait for that to potentially happen, they can collect the stock’s dividend, which was just raised to 98 cents. That’s payable on Oct. 10 to shareholders of record as of Sept. 15.
In its most recent quarter, the company earned $1.31 a share on revenue of $5.44 billion. That was slightly better than forecasts for $1.30 a share on $5.43 billion in revenue. And while cigarette shipments have fallen, higher prices have offset that issue.