Want Massive Passive Income? Buy This Dividend Stock
Building a portfolio of quality businesses that send you steadily growing passive income year after year is the secret to attaining financial freedom. That's because this dividend income can be used to pay your bills, which can open up a world of possibilities that you may not have had otherwise.
The tobacco giant named Altria Group (NYSE: MO) is an excellent stock for income investors to consider buying. Let's take a look at the Dividend King's fundamentals and valuation to elaborate on what makes this the case.
Altria Group is best known for its crown jewel, the Marlboro cigarette brand. But the company's brand portfolio runs even deeper. Altria Group also owns the leading moist snuff tobacco brand called Copenhagen, a leading oral nicotine pouch brand called on!, and the leading tipped cigar brand called Black & Mild.
Source Fool.com
