Altria Group, Inc. (MO)
3 Reliable Dividend Stocks With Yields Above 5% You Can Buy With Less Than $100 Right Now
Realty Income is one of the largest real estate investment trusts you can invest in. Combustible tobacco sales are sinking for Altria Group, but it could transition heaps of customers to its new e-vapor products.
I Wouldn't Touch This Stock With a 10-Foot Pole: Here's What I'd Buy Instead
Altria's main product is cigarettes, a business line that has seen severe volume declines. Altria's historically high dividend yield is alluring, but Hormel Foods is also offering a historically high yield.
This Stock Is Up 13% This Year and Has an 8.5% Yield
The share price of Altria Group Inc. (NYSE: MO), the tobacco company, has risen 14% this year to about $46.
Altria's 8.6% Forward Dividend Yield Still Makes It Attractive
Altria's ~14% stock price rise YTD is supported by multiple factors like a high dividend yield, increased share buybacks and upgraded earnings outlook. These override any impact the otherwise weak Q1 2024 results might have had, especially as the adjusted earnings were impacted by shrinking revenues. Even though MO's P/E has inched up this year, price gains are still possible, or at the very least, a price decline is unlikely and its dividend yield is robust.
Is Trending Stock Altria Group, Inc. (MO) a Buy Now?
Zacks.com users have recently been watching Altria (MO) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
