Altria's core business continues to support a healthy high-yield payout. Realty Income has grown its dividend through serious adversity.
Altria (MO) closed the most recent trading day at $47.08, moving +0.32% from the previous trading session.
Key Points About This Article: Altria Group Inc. (NYSE: MO) stock is up 14.2% in 2024, with a total return of 19.38% including dividends, outpacing the S&P 500.
Recently, Zacks.com users have been paying close attention to Altria (MO). This makes it worthwhile to examine what the stock has in store.
The latest trading day saw Altria (MO) settling at $46.02, representing a -0.17% change from its previous close.
A Lower-risk portfolio can be created by buying durable companies with long track records of rewarding shareholders at attractively low prices. Overpaying for a stock can lead to outsized risks, so it's important to separate price from value and company from stock. Medtronic and Altria are dividend aristocrat value stocks trading far below historical norms, offering income and potential for capital gains.
In the last ten years, the S&P 500 index has delivered annualized price return of 10.8%. For the same period, the total returns (including dividend gains) have been at an annual rate of 12.87%.
Altria's stock advanced strongly in the first half of 2024, gaining nearly 13% in just six months. The stock's massive 8.5% dividend yield remains the biggest attraction.
Altria has an impressively long and consistent dividend growth record. Altria's stock price has been stagnant, but the company offers a high dividend yield for investors getting in at these levels. The company's dividend growth has been consistent but low for the last couple of years with the coming August hike likely to end up at 4%, as usual.
Altria: 3 Things You Need To Know About This 9% Yielding Dividend Aristocrat
High-yield dividend stocks for a recession can be an excellent way for investors to continue generating income even during economic downturns. The key is to use dividend reinvestment plans, or DRIPs, which automatically channel dividend payments back into purchasing additional shares.
Federal regulators authorized the marketing of four of Altria's menthol-flavored e-vapor products. Altria stock is a solid defensive holding for value seekers and income investors.