Altria(MO)
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Why I Won't Touch This Nearly 10% Yielding Dividend Stock With a 10-Foot Pole
The Motley Fool· 2024-02-15 13:05
I'm a huge fan of most dividend stocks. I love investing in companies that pay sizable dividends that steadily increase. That's because they'll supply me with a growing income stream, which should eventually provide me with enough passive income to retire.Given my fondness for big dividends, Altria Group (MO 0.42%) would seem to fit my strategy. It pays a 9.7%-yielding dividend that it has increased 58 times in the last 54 years. However, I won't touch the stock with a 10-foot pole. Here's why. An alluring ...
Altria: Q4 Results Show This Dividend King Can Still Double Your Money Every 7 Years
Seeking Alpha· 2024-02-12 20:53
Anton Petrus/Moment via Getty Images Altria (NYSE:MO) is a "Dividend King" and there are only about 55 companies that currently qualify for this title. To make this list, a company needs to have at least 50 years of consecutive dividend increases. Altria has a 54-year history of consecutive dividend increases. The company has been able to do this in spite of major regulations and in spite of declines in tobacco usage, which is impressive. The tobacco industry has consistently been able to make up for re ...
3 Value Stocks to Buy at 52-Week Low in February
InvestorPlace· 2024-02-07 22:44
In the face of persistent market challenges, savvy investors focus on value stocks. Despite the headwinds of political uncertainty, inflationary pressures and the Federal Reserve’s looming decisions, analysts maintain a cautiously optimistic outlook, predicting a heartening ascent in the market’s trajectory, particularly in the back end of 2024. Amid this cautiously optimistic landscape, the allure of value stocks shines brightly, offering a prudent path for those looking to capitalize on underappreciated g ...
Is a Dividend Cut Coming for This 9.5%-Yielding Stock?
The Motley Fool· 2024-02-07 10:02
High-yielding dividend stocks are tempting because they can provide you with a lot of recurring income. But when the yields become excessively high, there's usually a good reason they're at those levels -- namely, investors are getting a premium for the risk involved.One stock that falls into that category is tobacco maker Altria Group (MO 0.20%). At 9.5%, it pays a dividend yield that is more than six times the S&P 500 average of 1.5%. But just how safe is that dividend?What Altria's latest earnings number ...
3 Reliable Dividend Stocks With Yields Above 6% That You Can Buy for Less Than $100 Right Now
The Motley Fool· 2024-02-06 12:47
If you've been holding back from investing in your future just because you don't have a lot of extra cash to spare, I've got great news. You don't have to be wealthy to start building wealth. For less than $100, you could buy shares of three terrific dividend-paying businesses.These stocks have low share prices, but their dividend programs could deliver heaps of passive income to your brokerage account. They offer yields above 6%, and there's a pretty good chance that all three will raise their payouts furt ...
Is This 9% Dividend Yield Tobacco Stock Finally a Screaming Buy?
The Motley Fool· 2024-02-06 11:06
Predicting short-term stock price movements is difficult. Some may say it is impossible. Just look at what the stock market has done since 2020. First, it crashed, then it ripped to all-time highs, then it crashed again. Now, in early 2024, the S&P 500 is back to all-time highs due to the artificial intelligence boom. If you've held stocks since 2020, you know how stressful stock market volatility can be, especially if you have a large personal portfolio and are close to retirement.If you are looking to mit ...
Altria Q4: Why This Dividend King Will Continue To Reward Shareholders
Seeking Alpha· 2024-02-05 12:30
http://www.fotogestoeber.de Introduction Altria (NYSE:MO) is a very popular stock here on Seeking Alpha and for good reason. The company is a Dividend King that pays a large chunk of its cash flow to investors in the form of dividends. And as you can tell by my handle, I love collecting them! I've written on Altria a few times and it's currently the largest dividend payer in my portfolio. In this article I discuss their recent Q4 earnings, one thing in particular I was paying close attention to, and why ...
This Stock Has a 9.75% Dividend Yield, and 15% Upside According to Wall Street Experts
The Motley Fool· 2024-02-05 10:10
Wall Street experts are bullish on U.S. tobacco company Altria Group (MO -0.86%), which sells Marlboro cigarettes domestically. The average 12-month price target from analysts implies a 15% upside, plus investors must factor in a tremendous dividend that yields almost 10% at the current share price.But the stock has underperformed the broader market for several years, so is this where investors can finally see some steady green? The company recently reported fourth-quarter earnings for 2023, setting the ton ...
Altria: The Demise Of This Dividend King Is Overexaggerated, I'm Betting Big Now
Seeking Alpha· 2024-02-02 23:03
Mario Tama Introduction Altria Group, Inc.'s (NYSE:MO) is a well-known dividend king, which has paid growing dividends for already 54 years in a row. It has also a market cap of $71 billion, which means that MO is included in major U.S. equity indices that focus on large-cap and/or dividend-paying stocks. Despite the remarkable history, strong position in the market, growing earnings, and increasing buybacks, Altria yields close to 10%. In my opinion, there is a huge disconnect between the underlying fundam ...
Altria(MO) - 2023 Q4 - Earnings Call Transcript
2024-02-01 17:40
Altria Group, Inc. (NYSE:MO) Q4 2023 Results Conference Call February 1, 2024 9:00 AM ET Company Participants Mac Livingston - Vice President, Investor Relations Billy Gifford - Chief Executive Officer Sal Mancuso - Executive Vice President and Chief Financial Officer Conference Call Participants Matt Smith - Stifel Pamela Kaufman - Morgan Stanley Bonnie Herzog - Goldman Sachs Callum Elliott - Bernstein Pallav Mittal - Barclays Jennifer Maloney - Wall Street Journal Operator Good day everyone, and welcome t ...