Altria Returns $8 Billion in 2025, Forecasts 4% EPS Growth to $5.65
In 2025 Altria returned $8 billion through dividends and announced a $2.4 billion buyback funded by partial sale of beer stock holdings. For FY 2026 the company forecasts 4% adjusted EPS growth to $5.65 and is expanding its smoke-free portfolio with ON! Plus and heated tobacco products to counter declining cigarette volumes.
1. Shareholder Returns and Buyback
In 2025 Altria returned $8 billion to shareholders through dividends and announced a $2.4 billion stock buyback funded by the partial sale of beer stock holdings. This represents a strategic allocation of capital designed to enhance per-share value and support the company’s dividend track record.
2. Fiscal 2026 EPS Guidance
Altria projects adjusted diluted EPS of $5.65 for fiscal 2026, reflecting 4% growth over the prior year. This guidance underscores management’s confidence in earnings resilience despite volume pressures in its core cigarette business.
3. Smoke-Free Portfolio Expansion
To offset declining cigarette volumes, Altria is scaling its smoke-free offerings with ON! Plus oral nicotine pouches and heated tobacco devices. These initiatives aim to diversify revenue streams and capitalize on growth trends in alternative nicotine products.