Is a Dividend Cut Coming for This 9.5%-Yielding Stock?
Altria(MO) The Motley Fool·2024-02-07 10:02
High-yielding dividend stocks are tempting because they can provide you with a lot of recurring income. But when the yields become excessively high, there's usually a good reason they're at those levels -- namely, investors are getting a premium for the risk involved.One stock that falls into that category is tobacco maker Altria Group (MO 0.20%). At 9.5%, it pays a dividend yield that is more than six times the S&P 500 average of 1.5%. But just how safe is that dividend?What Altria's latest earnings number ...