Altria Group: Is This High-Yield Dividend Stock Too Cheap to Ignore?​

Altria Group: Is This High-Yield Dividend Stock Too Cheap to Ignore?​

Key PointsAltria stock trades at a P/E ratio of 12.The company offers a growing dividend currently yielding 6.8%.10 stocks we like better than Altria Group › Tobacco giant Altria Group (NYSE: MO) is in a difficult position. The company has long mitigated the detrimental effect of declining smoking rates on its revenue by raising product prices. Now, revenue falling anyway seems to suggest that the approach has stopped working. Even more puzzling…