#4 - Altria Group (NYSE:MO)
Not only does Altria Group Inc. (NYSE: MO) have one of the highest dividend yields of the stocks on this list at 7.86% with a payout per share of $4.08, but it has also increased its dividend for 56 consecutive years, making it a Dividend King. In 2024, MO stock delivered shareholders a total return of over 36%.
The company is well known for its smokable and oral tobacco products, notably under the Marlboro brand name. However, Altria is in the process of pivoting to smokeless products, which are showing increased demand.
Whatever form its products take, the company has demonstrated a sustainable business model that should allow it to maintain its revenue and earnings. That makes the company’s dividend sustainable as well. With an average annual growth rate of over 4% in the last three years, investors can expect the returns in MO stock to outpace the rate of inflation.
About Altria Group
Altria Group, Inc, through its subsidiaries, manufactures and sells smokeable and oral tobacco products in the United States. The company offers cigarettes primarily under the Marlboro brand; large cigars and pipe tobacco under the Black & Mild brand; moist smokeless tobacco and snus products under the Copenhagen, Skoal, Red Seal, and Husky brands; oral nicotine pouches under the on! brand; and e-vapor products under the NJOY ACE brand.
More about Altria Group- Current Price
- $59.47
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $53.29 (-10.4% Downside)
