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Why I Won't Touch This Nearly 10% Yielding Dividend Stock With a 10-Foot Pole
MOAltria(MO) The Motley Fool·2024-02-15 13:05

I'm a huge fan of most dividend stocks. I love investing in companies that pay sizable dividends that steadily increase. That's because they'll supply me with a growing income stream, which should eventually provide me with enough passive income to retire.Given my fondness for big dividends, Altria Group (MO 0.42%) would seem to fit my strategy. It pays a 9.7%-yielding dividend that it has increased 58 times in the last 54 years. However, I won't touch the stock with a 10-foot pole. Here's why. An alluring ...