I Wouldn't Touch This Stock With a 10-Foot Pole: Here's What I'd Buy Instead
MOAltria(MO) fool.com·2024-05-18 14:02

Altria has a huge yield and a struggling business. I'd rather own this other consumer staples company despite the troubles it's facing. I like to buy companies with long histories of dividend increases while they are offering historically high dividend yields. On the surface, that would suggest that I might want to buy Altria (MO 0.28%) and its huge 8.7% yield. No, thanks: I'd rather own Hormel Foods (HRL 0.61%) and its much lower 3.1% yield. Here's why. Altria's core business is shrinking fast Altria's big ...