Altria Group: Q1 Earnings Reaffirmed My Bullish Sentiment As The Yield Exceeds 9%
Altria(MO) Seeking Alpha·2024-04-26 15:50
PM ImagesAltria Group (NYSE:MO) has been a battleground stock for years. The bears have been winning as shares have declined by -15.76% over the past five years. This has caused the dividend yield to gradually increase as MO has increased the dividend payment on an annual basis while its share price deteriorated. One of the main bear cases is the decline in cigarette consumption, while investors such as myself look at the underlying fundamentals and significant value under the hood of MO. Thursday morni ...