2024-02-12 15:53:55 ET
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: Q4 Results Show This Dividend King Can Still Double Your Money Every 7 Years