This Ultra-High-Yield Dividend Stock Is Trading at a Lower Price-to-Earnings Ratio Than the S&P 500

One of the best ways to support portfolio growth is to invest in high-quality dividend stocks. But with so many dividend stocks, trying to choose the best opportunity can be daunting.Recent moves from management could suggest that Altria (MO -2.25%) is a good buy right now. Let's find out if the stock is undervalued and assess if Altria deserves a spot in your portfolio.Big tobacco is at a crossroadsFor the 12 months ended Dec. 31, 2023, the cigarette industry at large experienced an 8% volume decline. On t ...