2024-05-25 10:08:00 ET
Altria (NYSE: MO) is a consumer products maker with an industry-leading position, a long history of increasing its dividend annually, and a huge 8.5% dividend yield. There are things to like here and, on the surface, it would seem like this could be a millionaire-maker stock. But there are big risks that investors need to consider before buying.
Altria's most important product is cigarettes. Although it only operates in the United States, it owns the most important cigarette brand with Marlboro. Marlboro alone accounts for 42% of the U.S. cigarette market . That's gigantic and creates a solid foundation for Altria's business.
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For further details see:
Could Investing $100,000 in Altria Make You a Millionaire?