Reported 9 days ago
Altria, known for its high dividend yield, faces significant risks as its core cigarette business continues to decline, with volumes dropping consistently year after year. Despite this, the company has managed to maintain its dividends by increasing prices, relying heavily on its flagship Marlboro brand, which constitutes the majority of its sales. With competition from cheaper alternatives and a failing diversification strategy, many investors may underestimate the concentration risk associated with Altria's future.
Source: YAHOO