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Up 25%, Is Altria Group Still a Great Dividend Stock?
['Brett Schafer']
The Motley Fool
Altria Group (MO 0.35%) is a dividend stock whose price is up 25% this year, with the tobacco giant transitioning to new nicotine categories.
Today, Altria Group has a dividend yield of 6.27%.
Up 25% this year, is Altria Group still a great dividend stock to own in your portfolio?
These legacy cash cows have made Altria a consistent dividend growth stock, with 60 dividend increases in the last 56 years.
Altria Group stock is up 25% this year, but I still think it is a great dividend stock for investors searching for steady dividend income through all market environments.