In the closing of the recent trading day, Altria (MO) stood at $49.84, denoting a +0.32% change from the preceding trading day.
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A cheap starting valuation can help balance out your portfolio during bouts of volatility.
These stocks offer a lot of dividend income, but are they worth the risk?
Altria's cigarette business is doing worse than those of its peers. That's the company's own fault and it could be a huge long-term problem.
Altria (MO) reachead $50.23 at the closing of the latest trading day, reflecting a +1.37% change compared to its last close.
Altria, a major tobacco producer, offers an 8% dividend yield, making it an attractive long-term investment despite its "sin stock" label. The company's strong earnings support its high dividend yield, providing consistent returns for shareholders. Altria's divestment from diversification, like AB InBev, increases its risk as it becomes more concentrated in declining tobacco markets.
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Which of these blue chip dividend stocks has a brighter future?
Altria's cigarette business is suffering huge volume declines, yet investors continue to push the stock higher.
Altria (MO) closed at $49.98 in the latest trading session, marking a -1.21% move from the prior day.
Altria's 8% forward dividend yield is rock-solid, supported by a strong financial position and impressive profitability, making it a top dividend play. The company is successfully transforming with innovative smoke-free products like on! nicotine pouches and NJOY e-vapors, capturing market share and driving growth. Altria's valuation is attractive, with a fair share price indicating significant upside potential even with conservative discount rate assumptions.