Altria Group Just Declared Its 61st Dividend Increase in 57 Years. Here's What $10,000 Invested Pays Annually.
Key PointsAltria Group is a Dividend King that has raised its dividend for 57 straight years.
Altria Group has made its 61st dividend increase in 57 years, boasting a 6.18% yield. This means an initial $10,000 investment would generate $618 annually. The company's tobacco business has thrived due to pricing power, resulting in dividend growth of 74% over the last decade. Altria's dividend outperforms stock indices, growing by 104% in the past five years.
However, Altria's future may depend on its ability to succeed in other nicotine categories, as cigarette volumes have declined. The stock has a low P/E ratio of 14.5 and offers dividend income, though it's not recommended as a "screaming buy" by analysts.
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