Valuentum Exclusive Analysis for the Discerning Investor

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Oct 26, 2023

Brief Take: Altria’s 10% Dividend Yield Is Too Hard to Pass Up
Altria Group’s forward estimated 10% dividend yield is too hard to pass up as it is comfortably covered by traditional free cash flow. The tobacco giant reported third-quarter 2023 results on October 26 that showcased how its asset-light business model continues to throw off tons of cash. Traditional free cash flow generation came in at ~$5.9 billion during the first nine months of 2023, while cash dividends paid came in at ~$5 billion, resulting in a very nice free cash flow cushion on a ~10%-yielding stock. Though revenue growth at Altria remains under pressure, gross profit continues to move in the right direction. Altria has raised its dividend 58 times during the past 54 years, and the firm continues to target mid-single-digit dividend growth annually. For income investors that aren’t worried about ESG-related criteria, Altria could make for a great diversifier in a high-yield dividend income portfolio. Our fair value estimate stands north of $60 per share (shares are trading under $40 at the time of this writing).

Jun 26, 2018

Eli Lilly Looks to Bolster Its Presence in Oncology
We are becoming increasingly impressed with Eli Lilly as the company boasts an enviable stable of new products that should power the company well into the next decade. Lilly is through the bulk of its patent trough, in our view, and its pipeline should set the company up for years of potentially uninterrupted revenue growth. Shares are not necessarily cheap, however.

Nov 10, 2017

Dividend Increases/Decreases for the Week Ending November 10
Let's take a look at companies raising/lowering their dividends this week.

Aug 13, 2017

Dividend Increases/Decreases for the Week Ending August 11
Let's take a look at companies raising/lowering their dividends this week.

May 15, 2017

Dividend Increases/Decreases for the Week Ending May 12
Let's take a look at companies raising/lowering their dividends this week.

Mar 6, 2017

Dividend Increases/Decreases for the Week Ending March 3
Let's take a look at companies raising/lowering their dividend this week.

Nov 14, 2016

Dividend Increases/Decreases for the Week Ending November 11
Let's take a look at companies raising/lowering their dividends this week.

Oct 3, 2016

Dividend Increases/Decreases for the Week Ending September 30
Let's take a look at companies raising/lowering their dividends this week.

May 20, 2016

Dividend Increases/Decreases for the Week Ending May 13
Let's take a look at companies raising/lowering their dividends this week.

Mar 7, 2016

Dividend Increases/Decreases for the Week Ending March 4
Image: Gulfstream, a General Dynamics company, makes some of the most technologically-advanced business jet aircraft, Charley W. Karl. Let's take a look at companies raising their dividends this week.