ADVFN - Advanced Financial Network.
HOME» NYSE » A » MO Stock Price » MO Stock News

Altria Share News

 Altria Grp. Stock Price
MO Stock Price
 Altria Grp. Stock Chart
MO Stock Chart
 Altria Grp. Stock News
MO Stock News
 Altria Grp. Company Information
MO Company Information
 Altria Grp. Stock Trades
MO Stock Trades

Altria's CEO Szymanczyk's 2011 Pay Drops 51% To $11.8 Million

By John Kell Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Total pay for Altria Group Inc.'s (MO) Chairman and Chief Executive Michael Szymanczyk slid 51% to $11.8 million in 2011 from the prior year, according to a filing with the Securities and Exchange Commission. Szymanczyk, who earlier this year said he would retire in May from the tobacco company, received a nearly $10.8 million long-term incentive plan payment in 2010 related to a three-year cycled award system Altria utilizes. The award is based on an assessment of overall corporate and individual performance during the entire cycle period. Szymanczyk's base salary and stock awards grant value were also higher, while a change in pension value was lower. Long-term incentive plan payments issued to Vice Chairman Martin Barrington, who will succeed Szymanczyk, and other top paid executives in 2010 also resulted in lower total pay last year. Barrington, for example, was paid $4.2 million in 2011, 57% lower than the prior year. Altria's total shareholder return, from the beginning of 2008 through the end of 2011, was 63%, easily outperforming the S&P 500's total return of negative 6.3% and besting the S&P Food, Beverage and Tobacco Index 40% gain. An attractive dividend yield and strong cash flows has drawn investors to Altria and other tobacco stocks. In January, the maker of Marlboro cigarettes reported fourth-quarter earnings slid 9% due to several charges, though revenue jumped on strong volume growth for smokeless products and a modest increase in volume for cigarettes. Altria's shares were flat at $31.11 in recent trading. The stock is up 4.9% this year, underperforming the broader market's gain. -By John Kell, Dow Jones Newswires; 212-416-2480;

Stock News for Altria (MO)
10/13/201503:50:00SABMiller, AB InBev Agree on Key Terms of Deal
10/13/201502:46:53AB InBev, SABMiller reach MegaBrew agreement
10/13/201502:43:17SABMiller And Anheuser-Busch Inbev: Drinking Shots Of Progress...
10/12/201518:05:05The Life (And Death) Of A Dividend Growth Portfolio
10/12/201509:28:02Anheuser-Busch InBev ups offer for SABMiller
10/12/201500:14:00Retirement Strategy: Is It Possible That I Also Reach For Yield?...
10/10/201506:34:00Top 5 Dividend Growth Stocks For The Zombie Apocalypse
10/10/201506:00:00Scanning The SA Family For Alpha: WmHilger1
10/09/201517:31:30Different Ways To Think About Dividend Re-Investment, Part 1
10/08/201520:14:00Colombian Clan Holds Keys To Deal
10/08/201518:17:00Correction to SABMiller Rejects AB InBev
10/08/201514:09:00AB InBev Slams SABMiller's Rejection
10/08/201510:08:00AB InBev Slams SABMiller's Rejection
10/08/201507:04:00AB InBev Slams SABMiller's Rejection
10/08/201506:40:00AB Inbev Responds to SABMiller Rejection
10/08/201506:28:00AB InBev Responds to SABMiller Rejection of Takeover Offer
10/07/201520:00:00SABMiller Rejects AB InBev's $104 Billion Proposal -- 4th Update
10/07/201517:49:00SABMiller Rejects AB InBev's $104 Billion Proposal -- 3rd Update
10/07/201511:09:00SABMiller Rejects AB InBev's $104 Billion Proposal -- 2nd Update
10/07/201509:31:00SABMiller Rejects AB InBev's $104 Billion Proposal -- Update

Altria and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations