Where Will Altria Stock Be in 3 Years?
Altria (NYSE: MO) stock has long been a favorite among income investors and it's clear why.The company has raised its dividend 59 times in the last 55 years, making it a Dividend King, and it remains a dividend powerhouse based on its yield as well, as it currently offers a dividend yield of 7%. These days, Altria may be getting some extra attention from investors as tobacco has a well-established track record as a recession-proof product as smokers and other tobacco consumers buy the product regardless of economic conditions. That may make Altria especially attractive during the high volatility around the trade war and a weakening economy.Continue reading
Altria (NYSE: MO) stock has long been a favorite among income investors and it's clear why.
The company has raised its dividend 59 times in the last 55 years, making it a Dividend King, and it remains a dividend powerhouse based on its yield as well, as it currently offers a dividend yield of 7%.
These days, Altria may be getting some extra attention from investors as tobacco has a well-established track record as a recession-proof product as smokers and other tobacco consumers buy the product regardless of economic conditions. That may make Altria especially attractive during the high volatility around the trade war and a weakening economy.
