This Number Keeps Getting Worse for Altria Group: Should Investors Be Worried About This Ultra-High Dividend Yield Tobacco Stock?
Altria(MO) The Motley Fool·2024-05-12 18:24
The clock is ticking faster for Altria to pivot its business model.Tobacco stocks have been phenomenal performers over the long term. They have strong profit margins and the consistent ability to raise prices, so shareholders who have held on for multiple decades have seen total returns (stock price appreciation plus dividends) that trounce the broad market by a wide margin.However, in the last 10 years, the largest tobacco companies have struggled. Altria Group (MO 0.43%), which controls the Marlboro brand ...