Reported about 1 month ago
Altria Group recently announced a 4.1% increase in its quarterly dividend, bringing it to $1.02 per share, marking 55 consecutive years of dividend growth. This rise comes as the company’s stock has surged to $52.44, recovering significantly since dipping below $40 earlier this year. While the dividend yield now stands at 7.78%, potential investors face a critical decision: whether to buy at a time when the stock appears overbought, or potentially wait for a price correction. Despite concerns over its tobacco-related products, Altria's history of consistent dividends makes it an appealing option for income-seeking investors.
Source: YAHOO