Reported 14 days ago
Altria Group's stock has underperformed relative to the S&P 500 for years, yet its 8.1% dividend yield makes it appealing for income-focused investors. Although Altria primarily generates revenue from cigarettes amidst declining smoking rates, the company's ability to consistently raise prices and maintain high dividends indicates that its payouts are secure. Investors may see annual returns of around 11% to 12%, especially as market conditions evolve with potential Federal Reserve interest rate cuts. Given the stock's recent dip, it may be a good buying opportunity for those seeking reliable dividend income.
Source: YAHOO