Altria: The Demise Of This Dividend King Is Overexaggerated, I'm Betting Big Now

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 ...