Reported 12 months ago
Investors looking for $1,000 in super-safe dividend income can consider purchasing about $11,862 worth of Altria Group (NYSE: MO) stock, which currently offers a dividend yield of 8.43%. Despite concerns about declining cigarette volumes, Altria's dividend seems sustainable due to its ability to raise prices and its expansion into new nicotine products like vaping and nicotine pouches. With a consistent buyback program and healthy free cash flow, Altria Group remains a smart investment for those seeking a diversified dividend income portfolio.
Source: YAHOO