Want $1,000 in Super-Safe Dividend Income? Buy $11,862 of This Ultra-High-Dividend Yield Stock
MOAltria(MO) The Motley Fool·2024-06-29 15:25

Investors are giving this company too big a discount.Investors love tobacco stocks because of their high dividend yields and growing dividend payouts. Long-term shareholders in these companies have made a fortune by simply holding and watching the dividend payments pile up in their accounts.Today, Altria Group (MO 0.20%) has a dividend yield of 8.43%. The United States-focused tobacco giant can generate $1,000 in annual dividend income for investors who buy $11,862 worth of stock right now. But is this divi ...