Altria Group Sets New $1 Billion Stock Buyback
Provided by
Dow Jones
By Colin Kellaher
Altria Group's board has approved a new $1 billion stock-buyback program.
The Richmond, Va., cigarette giant, which sports a market capitalization topping $71 billion, on Thursday said it expects to complete the repurchase by the end of the year.
Altria spent $1 billion in 2023 to buy back 22.7 million shares.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
February 01, 2024 07:36 ET (12:36 GMT)
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