IMBBY - Altria Pays You Handsomely To Wait For Future Growth
2024-07-05 15:56:25 ET
Summary
- Altria has an impressively long and consistent dividend growth record.
- Altria's stock price has been stagnant, but the company offers a high dividend yield for investors getting in at these levels.
- The company's dividend growth has been consistent but low for the last couple of years with the coming August hike likely to end up at 4%, as usual.
- Investors should get paid handsomely by way of dividends while waiting for growth rates to pick up.
Altria Group, Inc. (MO) was once known for both paying juicy dividends and robust growth -- a killer combination for dividend growth investors. In recent years it has kept up the juicy dividends, but growth has been lacking, as evidenced by the static share price since my last article on the company ....
Altria Pays You Handsomely To Wait For Future Growth