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Want $500 in Dividend Income? Here's How Much You'd Have to Invest in Altria Stock
MOAltria(MO) The Motley Fool·2024-05-10 17:56

The tobacco giant pays an unusually high dividend.Altria (MO 0.27%) pays one of the most generous dividends on the stock market today. The tobacco giant has sent $32 billion to shareholders through these payments over the past five years, in fact, even as it spent aggressively on stock repurchases.The dividend yield on the stock is extremely high, partly because the company commits to sending a large portion of annual earnings back to investors each year. But how much of an investment would it take to secur ...