Altria's 8.6% Forward Dividend Yield Still Makes It Attractive

intek1 Since I last wrote about tobacco company Altria (NYSE:MO) in February, its price is up by 11%. No surprises here. Just going by the company’s market multiples, it was evident even then that a price uptick was possible. This was further confirmed by its high, sustained dividends as well as a small increase in its adjusted diluted earnings per share [EPS] for the full year 2023. Now, however, the gap between the stock’s forward non-GAAP price-to-earnings (P/E) ratio and its five-year average has sh ...