Reported 1 day ago
Altria (NYSE: MO), a Dividend King with a 7% yield, faces challenges due to declining cigarette sales and past investment missteps but shows promise with its smoke-free product Njoy. As the company aims for a mid-single digit earnings growth and a stable dividend trajectory by 2028, it could perform well in a recession-proof market, appealing to income investors despite potential hurdles.
Source: YAHOO