As Altria's Yield Balloons to 7.5%, Is Its Dividend Sustainable?

As Altria's Yield Balloons to 7.5%, Is Its Dividend Sustainable?

Key PointsAltria shares sank as the company continues to feel volume pressure in its core cigarette business.However, the dividend remains well covered, and its balance sheet is in good shape.The stock looks more reasonably valued today than it did earlier this year. 10 stocks we like better than Altria Group › Following the recent pullback in its stock, Altria Group's (NYSE: MO) forward dividend yield now sits at a hefty 7.5%. For investors con…