Written by Robert Kovacs
Tobacco stocks have long been a staple of dividend investor's portfolios. For a long time, Philip Morris (PM) and Altria (MO) have been two of my favorites. Their resilience, strong brand names, and innovation in non-combustibles continue to set them apart from their competitors.
Source: Open Domain
While Imperial Brands (IMBBY) ended up cutting its dividend amid the COVID-19 pandemic, Altria recently announced a dividend hike - its 55th in 51 years- which clearly shows management's continued dedication to rewarding shareholders. Philip Morris