Altria Group, Inc. today announced that its Board of Directors declared a regular quarterly dividend of $1.06 per share, payable on January 9, 2026 to shareholders of record as of December 26, 2025. The ex-dividend date is December 26, 2025.
Tag: altria
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Alaska Settles 2020 Suit with Juul, Altria for $7.8M
The State of Alaska has reached a $5.8 million settlement with Juul over allegations that the company marketed vaping products to minors, bringing total recoveries in the case to $7.8 million, including a prior settlement with Altria. The lawsuit, filed in 2020, accused the companies of designing and promoting products in ways that appealed to children and teenagers.
Under the agreement, payments from Juul will be made over five years, with the first installment due this month. Settlement terms also impose court-enforceable marketing restrictions in Alaska.
Half of the settlement funds will support Alaska’s tobacco prevention and control programs, with the remainder directed to state consumer protection efforts.
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KT&G, Altria on Track to Expand Global Pouch Business
KT&G told Nate News that its plans to enter the global nicotine pouch market in earnest next year are moving forward as planned, believing that its $176.8 million purchase of Another Snus Factory will be completed this year, followed by disposing of 49% of the company to Altria.
“Starting next year, we plan to expand the nicotine pouch business beyond the five Nordic countries [Iceland, Sweden, Norway, Denmark, and Finland] to Europe, the Middle East, Africa, Asia, and North America,” a KT&G official said.
According to Euromonitor, the global nicotine pouch market reached $11.2 billion in 2024 and is expected to grow more than 30% this year.
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New Indonesian Factory Fuels KT&G’s Expansion
KT&G told Hankooki.com today (November 12) that its Indonesian factory is scheduled to be completed within the month and should begin full-scale operations in February 2026. The 190,000-square-meter facility, which will produce cigarettes and capsule products for export across Southeast Asia and beyond, is expected to boost KT&G’s annual production capacity in Indonesia to 35 billion cigarettes, making it the company’s largest overseas manufacturing base.
The move follows the launch of KT&G’s Kazakhstan plant in April, which can produce 4.5 billion cigarettes annually and serves as a key export hub for the Eurasian market. With both sites operational, KT&G aims to produce over half of its total output overseas in the medium to long term, improving global supply efficiency.
The company also plans to expand into new markets like Jordan and Bangladesh, while growing its next-generation product (NGP) segment and nicotine pouch business through a strategic partnership and joint acquisition with Altria.
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Altria, NJOY Sue U.S. ITC for ‘Unconstitutional’ Process Amid Juul Patent Fight
Altria Group Inc. and its NJOY vaping subsidiary filed a federal lawsuit in the Eastern District of Virginia on November 7, challenging the constitutionality of the U.S. International Trade Commission’s (ITC) administrative law judge (ALJ) appointment process. According to Bloomberg Law, the companies argue that ITC ALJs are “inferior officers” who must be appointed by the president, a court, or a department head — not by the ITC chair alone — as required by the Constitution’s Appointments Clause and Article II.
Altria and NJOY further contend that the agency’s removal protections for ALJs violate the separation of powers and that the ITC’s adjudicative process deprives them of their Article III and Seventh Amendment rights to a jury trial. The suit seeks to block a pending ITC patent case brought by Juul Labs Inc.
Juul’s complaint, originally filed in June 2023, accused NJOY of importing and selling vaping devices that infringe four Juul vaporizer patents. On January 29, 2025, the ITC issued a final determination finding that NJOY’s products infringed the asserted patents and imposed a limited exclusion order and cease-and-desist orders against NJOY and Altria. Those orders were set to take effect March 31, 2025, unless overturned by the Office of the U.S. Trade Representative.
In parallel, Altria and NJOY launched their own ITC action against Juul, but the commission terminated that case on March 3, 2025, ruling that Juul did not infringe the patents asserted by Altria.
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Altria Reports Q3 Results, Narrows 2025 Guidance
Altria Group, Inc. reported third-quarter 2025 net revenues of $6.1 billion, down 3% year-on-year, while adjusted diluted EPS rose 3.6% to $1.45. The company reaffirmed its resilience in core tobacco and smoke-free products and announced an expansion of its share repurchase program from $1 billion to $2 billion, set to run through 2026.
CEO Billy Gifford highlighted “exciting progress” across Altria’s portfolio, including the U.S. launch of on! PLUS nicotine pouches, regulatory submissions for Ploom heated tobacco, and a strategic collaboration with KT&G to pursue international and non-nicotine growth opportunities. The company also marked its 60th dividend increase in 56 years, underscoring its continued focus on shareholder returns.
Altria narrowed its full-year 2025 adjusted EPS guidance to a range of $5.37–$5.45, representing 3.5%–5.0% growth from 2024. Management said it expects performance to moderate in Q4 as it laps prior share reductions and continues to invest in its smoke-free strategy amid a dynamic regulatory environment.
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Tobacco Stocks Stumble as ‘PMI Results Weigh on Sector’
Tobacco and nicotine stocks slipped yesterday (October 24) as shares of Philip Morris International fell following the company’s third-quarter results. While the company reported stronger-than-expected earnings and revenue, investors reacted negatively to a modest increase in full-year profit guidance and concerns over slowing growth in its smoke-free division. PMI shares dipped around 3–4% after the announcement, according to MSN’s Seeking Alpha.
The sentiment rippled across the sector, pulling down other major players, according to Seeking Alpha. British American Tobacco traded about 2% lower, Turning Point Brands dropped nearly 4%, and Greenlane Holdings fell more than 5%. Altria Group also edged down around 1.5% ahead of its own quarterly earnings report, expected next week.
Analysts at Morgan Stanley and BofA Securities maintained their “buy” ratings on Philip Morris, emphasizing its strong growth potential in reduced-risk products such as Zyn nicotine pouches. However, market watchers noted that investor expectations remain high even as the industry faces regulatory scrutiny and shifting consumer trends. The broader tobacco sector continues to balance solid cash flow and dividend stability against slower growth and rising public health pressures.
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Altria to Webcast 2025 Q3 and Nine-Month Results
Altria Group, Inc. will host a live audio webcast October 30, at 9 a.m. ET, to discuss its third-quarter and nine-month business results. A press release with the results will be issued at approximately two hours in advance.
CEO Billy Gifford and CFO Sal Mancuso will present the results and answer questions from investors and the media. The webcast is listen-only, and pre-registration is required. Directions are available at www.altria.com/webcasts. An archived version will be accessible on Altria’s website after the event.
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Altria Drops Suit as Elf Bar Exits California Market
Elf Bar’s parent company, iMiracle, agreed to cease sales of flavored disposable vapes in California, effectively ending a protracted legal battle with Altria’s e-cigarette unit NJOY. Under a joint motion, iMiracle will accept a permanent injunction preventing it from selling or shipping flavored vape products into California and will also refrain from shipping to other jurisdictions if the products are likely destined for California.
The lawsuit, initially filed in late 2023, alleged that iMiracle’s flavored products competed unfairly with NJOY’s FDA-authorized devices and violated California’s flavored tobacco ban and federal regulations. Most defendants in the original suit were dropped; iMiracle remained the principal target.
Though iMiracle denies liability, it agreed that violation of the injunction would be treated as contempt of court. The settlement is conditioned on California maintaining its current flavor ban; if the law is repealed or amended substantially, the injunction may no longer apply.
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George Munoz Retires from Altria Board
George Muñoz, a director of Altria since 2004, notified Altria of his decision to retire from service on the company’s Board of Directors following the completion of his current term. Consequently, Muñoz will not stand for re-election to the board at the 2026 Annual Meeting of Shareholders, which Altria anticipates holding on May 14, 2026.
“George has made extensive and significant contributions to Altria over more than 20 years,” said Kathryn McQuade, Altria’s independent Chair of the Board. “We thank George for his long-standing and valuable service and wish him the very best upon his retirement.”
Muñoz is Chair of the Compensation and Talent Development Committee and is a member of the Audit, Executive and Finance Committees. He previously served as the Chair of the Audit Committee.
Muñoz is a principal of Muñoz Investment Banking Group and a partner at the law firm of Tobin & Muñoz. Muñoz is also a director of Laureate Education.