#3 - Altria Group (NYSE:MO)
Altria Group Inc. (NYSE: MO) is known as one of the "Big 3" tobacco companies in the United States. In recent years, the company has been pivoting to capture more of the smokeless tobacco market and, with it, the coveted Gen-Z consumer. As the company's revenue and earnings show, demand hasn't waned over the last five years.
However, the same enthusiasm isn't seen in investor sentiment. MO stock is trading in a two-year downtrend. One of the recent headwinds is a potential ban on menthol cigarettes.
The future of that ban is somewhat in doubt, but the company's regular and growing dividend is not. In fact, Altria is one of a select group of companies known as dividend kings. These companies have increased their dividends for at least 50 consecutive years. In the case of Altria, the streak is 55 years and counting.
The dividend yield of 9.22% makes it one of the best high-yielding dividend stocks for income-seeking investors.
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.
Read More - Current Price
- $56.06
- Consensus Rating
- Hold
- Ratings Breakdown
- 2 Buy Ratings, 3 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $51.33 (8.4% Downside)
