Can NJOY Help Propel Altria Group Stock Higher?
Altria(MO) The Motley Fool·2024-06-29 22:20
Why this high-yield stock could be a bargain.Income-oriented investors tend to be attracted to Altria Group (MO 0.20%) due to its high yield of 8.6% and long history of increasing its dividend every year since 2009. However, revenue growth has been difficult to come by for the company, with sales down each of the past two years as well as the first quarter of this year. That could be about to change, though, with more growth set to come from Altria's NJOY business following a recent positive announcement fr ...