Reported about 1 year ago
According to Motley Fool, Altria Group's stock has experienced a rare surge of over 15% in 2024, possibly due to the company moving past its Juul investment troubles and focusing on its resilient core business built around the Marlboro brand. Although not a high-growth company, Altria's stable dividend yield of 8.4% and improved valuation make it a potential buy for investors seeking steady returns. With Altria's history of consistent dividend payments and a forward P/E ratio of 9.2, the stock may offer long-term total returns appeal for the first time in years.
Source: YAHOO