Shares of Altria Group Inc (NYSE:MO) ended Wednesday session in red amid volatile trading. The shares closed down -0.48 points or -0.71% at $66.72 with 4.25 million shares getting traded. Post opening the session at $67.12, the shares hit an intraday low of $66.50 and an intraday high of $67.31 and the price vacillated in this range throughout the day. The company has a market cap of $130.98 billion and the numbers of outstanding shares have been calculated to be 1.95 billion shares.
Altria Group Inc (MO) on August 26, 2016 announced that its Board of Directors voted to increase Altria’s regular quarterly dividend by 8.0% to $0.61 per common share versus the previous rate of $0.565 per common share. The quarterly dividend is payable on October 11, 2016, to shareholders of record as of September 15, 2016. The ex-dividend date is September 13, 2016.
The new annualized dividend rate is $2.44 per common share, representing a yield of 3.7% based on Altria’s closing stock price of $66.33 on August 19, 2016.
Shares of ConAgra Foods Inc (NYSE:CAG) ended Wednesday session in red amid volatile trading. The shares closed down -0.57 points or -1.23% at $45.84 with 1.93 million shares getting traded. Post opening the session at $46.29, the shares hit an intraday low of $45.71 and an intraday high of $46.40 and the price vacillated in this range throughout the day. The company has a market cap of $20.04 billion and the numbers of outstanding shares have been calculated to be 439.35 million shares.
ConAgra Foods Inc (CAG) on July 26, 2016 announced the completion of two separate divestitures: the sale of its JM Swank business to Platinum Equity and the sale of its Spicetec Flavors & Seasonings business to Givaudan.
Sean Connolly, president and chief executive officer of ConAgra Foods, said, ” marks an important milestone for ConAgra Foods. The completion of these two divestitures is another step on our journey to becoming a more focused and higher performing company.” He added, “We truly appreciate the contributions of the JM Swank and Spicetec Flavors & Seasonings employees, and we’re confident that both companies will be well positioned for continued growth as part of Platinum Equity and Givaudan, respectively.”
ConAgra Foods generated approximately $488 million in combined net proceeds from the sales, subject to any final working capital adjustments.