Is It Too Late to Buy Altria Stock?

Altria (MO -0.03%) knows exactly why investors buy its stock: the big, fat dividend. That's why the consumer staples company focuses so hard on raising the dividend every year.But with the dividend yield at 9.6%, dividend investors should take a very cautious approach to the cigarette maker. That yield is more likely a warning sign of trouble than it is a huge long-term opportunity. There was an opportunity, onceOver the past decade, Altria's dividend has roughly doubled. So, in hindsight, there was a huge ...