Reported about 1 month ago
Altria Group, known for its robust dividend history, recently increased its quarterly payout by 4%, resulting in a forward yield of 7.7%. Despite the appealing yield and consistent annual raises, analysts express concerns over the declining traditional cigarette market and suggest that Altria may not be a sustainable long-term investment. With the shift towards e-cigarettes and rising health awareness, many investors are cautioned that Altria's stock might qualify as a yield trap amid industry challenges.
Source: YAHOO