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Altria: The Dividend King Is Alive, I'm Still Adding To My Position
MOAltria(MO) Seeking Alpha·2024-06-03 18:54
PM Images Right at the start of February this year, I wrote an extensive piece on Altria Group, Inc. (NYSE:MO) - "Altria: The Demise Of This Dividend King Is Overexaggerated, I'm Betting Big Now." As the title implies, I provided several reasons that have motivated me of going long MO, making it one of the largest positions in my portfolio. The key essence of the buy thesis boiled down to the combination of the following factors:  Juicy dividend yield, which at that time stood at ~ 9.1% Depressed valuat ...