BUDFF - Altria's Dividend Hits 9%; COVID-19 Doesn't Stop Addictions
Altria (MO) has a market capitalization of more than $70 billion, and a dividend approaching 9%, as one of the largest publicly traded tobacco companies. The company has a strong history of rewarding investors, however, that hasn't stopped it from being punished by the COVID-19 market crash just the same. However, COVID-19 doesn't stop addictions, and as we'll see throughout this article, the company has significant potential to generate shareholder rewards.
Commonwealth Center For Advanced Manufacturing
Recent Performance
Altria financially has continued to perform well despite the tobacco space decreasing 0.9% annually over the past