6-9% Yielding Dividend Growers: 1 To Avoid And 3 To Buy
BAMBrookfield Asset Management .(BAM) Seeking Alpha·2024-03-21 04:43

JamesBrey Altria stock (MO) is on a tear right now, significantly outperforming the S&P 500 (SPY) and high-yield space (SPYD) over the past two weeks: Data by YCharts The reason for this soaring share price is due to several positive catalysts converging: 1. The company recently announced solid Q4 results and guidance along with a major share buyback plan. For a stock where sentiment was quite low, this was very welcome news for the market. 2. MO also is selling a substantial amount of its Anheuser-Busch In ...