Altria Group continues to be a heavily-watched dividend stock among investors, with recent trading showing a -1.75% decline. The company's stable business model and strong dividend yield remain central to its investment appeal despite broader market volatility.
Operating across the United States through its subsidiaries, Altria Group, Inc. is a prominent manufacturer and marketer of both combustible and oral tobacco items. Its portfolio features cigarettes, primarily under the iconic Marlboro brand, alongside cigars and pipe tobacco mainly offered as Black & Mild. The enterprise further provides an assortment of moist smokeless tobacco products, including Copenhagen, Skoal, Red Seal, and Husky, in addition to its on! brand of oral nicotine pouches. Altria distributes its merchandise chiefly to wholesale partners, such as independent distributors, and directly to substantial retail organizations, including major chain stores. The corporation, founded in 1822, maintains its principal offices in Richmond, Virginia.
41-acre tobacco receiving and leaf processing complex on Weyman's Way (off Fort Campbell Blvd); ~90 full-time + 250 seasonal employees; 100+ year history; expanding with new 270,000 SF facility to absorb all Nashville production by 2028; becomes primary USSTC hub
USSTC Clarksville Facility
Clarksville, TN
Smokeless tobacco processing/manufacturing site in Clarksville, TN; operational support to Nashville finishing operations
USSTC Nashville Plant
Nashville, TN
800,000 SF smokeless tobacco finishing and packaging facility on 30-acre downtown campus; produces Copenhagen, Skoal, Red Seal, Husky; ~300+ employees; operating since 1922; closing ~early 2028 as ops shift to Hopkinsville KY
PM USA Park 500 (Reconstituted Tobacco)
Chester, VA
Processes tobacco scraps from other PM USA sites into reconstituted tobacco sheets; sits on James River in Chesterfield County; operates an award-winning natural wastewater treatment system
PM USA Richmond Manufacturing Center
Richmond, VA
Sole cigarette manufacturing plant for PM USA; ~2M sq ft on 200 acres; ~600M cigarettes/day; produces Marlboro, Virginia Slims, Parliament, Merit, and other brands; ~2,000 employees; opened 1973
Other Facilities
(4)
PM USA Tobacco Leaf Warehouse Complex
Chester, VA · distribution
~1M sq ft tobacco leaf raw-material storage complex on 118 acres in Meadowville/Bermuda Hundred area of Chesterfield County, off Bermuda Hundred Rd near I-295; completed 2015; consolidates leaf storage from Richmond area
Altria Group Distribution Company
Richmond, VA · distribution
Primary finished-goods distribution center for Altria/PM USA products in South Richmond
Altria / Philip Morris USA HQ
Richmond, VA · hq
Altria Group corporate HQ and PM USA HQ; ~400,000 SF former Reynolds Metals complex in Henrico County; houses executive, legal, and corporate functions
Altria Center for Research and Technology
Richmond, VA · r&d
450,000 SF R&D facility opened 2007; tobacco product research and reduced-harm product development; Altria has agreed to sell to VCU (sale pending as of mid-2026)