Altria: Q4 Results Show This Dividend King Can Still Double Your Money Every 7 Years

Summary:

  • Altria has a 54-year history of consecutive dividend increases and has been able to offset declines in tobacco usage by increasing prices.
  • Q4 results were in line with expectations, allowing Altria to comfortably pay its generous dividend.
  • Altria’s dividend yield of nearly 10% could double investors’ money in about 7 years, and the company has the potential to monetize its stake in Anheuser-Busch InBev for more dividends in the future.
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Altria (NYSE:MO) is a “Dividend King” and there are only about 55 companies that currently qualify for this title. To make this list, a company needs to have at least 50 years of consecutive dividend increases. Altria has a 54-year history of consecutive dividend


Analyst’s Disclosure: I/we have a beneficial long position in the shares of MO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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