I Wouldn't Touch This Stock With a 10-Foot Pole: Here's What I'd Buy Instead
Altria(MO) fool.com·2024-05-18 06:02
Altria has a huge yield and a struggling business. I'd rather own this other consumer staples company despite the troubles it's facing.I like to buy companies with long histories of dividend increases while they are offering historically high dividend yields. On the surface, that would suggest that I might want to buy Altria (MO 0.28%) and its huge 8.7% yield. No, thanks: I'd rather own Hormel Foods (HRL 0.61%) and its much lower 3.1% yield. Here's why.Altria's core business is shrinking fastAltria's bigges ...