Altria: Why I Have Stopped Reinvesting In This Dividend King (Rating Downgrade)

krblokhin Altria Group (NYSE:MO) has been one of my best performing 2024 investment picks so far this year, with the stock (including dividends) being up by almost 30%. Earlier in June, I issued a follow-up article explaining the key reasons behind my decision to further increase the exposure to MO. After the publication of this article, the total returns have landed at ~ 12%, outperforming the S&P 500 by about 10%. Just recently, Altria circulated its Q2, 2024 earnings deck, where initially the market  ...