Is Altria's High-Yielding Dividend Still Safe?
Altria(MO) The Motley Fool·2024-08-07 22:19
The stock has one of the highest yields on the S&P 500. How long will it last?Tobacco company Altria Group (MO 1.11%) has been a solid dividend stock for decades. It has not only paid a dividend for years, but it has also been raising its payouts regularly, giving investors plenty of incentive to buy and hold. Altria has been an effective choice for income investors with a long-term strategy.But with sales declining and Altria facing an uncertain path ahead, investors might have growing concerns about the s ...