Shares of Altria Group Inc (NYSE:MO) ended Monday session in green amid volatile trading. The shares closed up +1.11 points or 1.75% at $64.67 with 1.95 billion shares getting traded. Post opening the session at $63.52 the shares hit an intraday low of $63.51 and an intraday high of $64.81 and the price vacillated in this range throughout the day. The company has a market cap of $120.95billion 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.
Shares of The Coca-Cola Co (NYSE:KO) ended Monday session in green amid volatile trading. The shares closed up +0.92 points or 2.18% at $43.19 with 4.32 billion shares getting traded. Post opening the session at $42.36 the shares hit an intraday low of $42.34 and an intraday high of $43.23 and the price vacillated in this range throughout the day. The company has a market cap of $180.60 billion and the numbers of outstanding shares have been calculated to be 4.32 billion shares.
On September 1, 2016 Gold Peak, known for its premium line of iced teas and coffee products that deliver home-brewed taste, announced that it will introduce new ready-to-drink tea lattes and coffees in the first quarter of 2017. The RTD tea latte segment is considered an emerging beverage category, while RTD coffees have enjoyed very strong growth over the past five years.
Gold Peak will join Illy in Coca-Cola’s burgeoning RTD coffee portfolio in the United States. Together, they will be part of a multi-brand strategy to give consumers a variety of great-tasting options, and help the company become a major player in a beverage category that continues to rise in popularity.
“Gold Peak has a passionate following of fans who love the ‘taste that brings you home,’” said Geoff Henry, Vice President Tea & Coffee for Coca-Cola. “We are excited to introduce new ways for people to enjoy the brand. Our new tea lattes and cold brew iced coffees will feature our signature high quality ingredients and distinct taste for a delicious pick-me-up anytime of the day.”