COVID Stimulus Watch Individual Entry

Recipient Company:

Altria Group Inc

Loan or Loan Guarantee Amount:

$2,101,238

Recipient Details

Ownership Structure: publicly traded (ticker symbol MO)

Award Date: Dec 18, 2020

Award Type: loan

Award Details: Amount represents the purchase price of company bonds bought by the Fed.

Program Name: Secondary Market Corporate Credit Facility

Legislation: CARES

Awarding Agency: Federal Reserve

Data Source for Award:

Parent Company: Altria

Headquartered in: Virginia

Parent Sector: tobacco

Parent Industry: tobacco

Employees (prior to pandemic): 7,300

Good Jobs First has no data in this category

Environmental / Healthcare / Safety Penalties: $6,283,070

Consumer Protection / Financial / Competition-related Penalties: $315,000

Ratio of CEO Pay to that of Median Worker: 109 to 1

CEO Compensation: $15,439,987

Worker Median Pay: $142,246

Total Federal, State, and Local Subsidies: $50,908,585

Federal Corporate Income Tax Rate: 21.4%