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This Company's Products Kill People, But It Has A 6.2% Yield
The tobacco maker posted $6.1 billion in quarterly revenue and narrowed full-year guidance as its dividend rose for the 61st time in 57 years.
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3 Articles
This Company's Products Kill People, But It Has A 6.2% Yield
Altria's cigarettes kill hundreds of thousands of Americans every year, yet its stock is quietly outperforming the S&P 500 by a wide margin in 2024. The question investors now face says as much about ethics as it does about returns.
·Lakewood, United States
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Altria Group’s 6.2% Dividend Yield: Is the Stock Worth Buying Now?
Altria Group, Inc. (NYSE:MO) is known for paying a generous dividend, supported by well-known tobacco brands, steady pricing power, and strong cash flow. However, as fewer people smoke and the industry moves toward smoke-free products, Altria needs to find new ways to keep its earnings steady.…
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Total News Sources3
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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