Why Altria Group Has Such a Safe Dividend
Altria Group (NYSE: MO), one of the oldest companies in America, also pays out one of the largest dividends. Shares of the tobacco maker yield 8.3% at Monday's prices, which should entice investors looking for stocks that pay out a steady stream of income. However, plenty of smart investors are worried that because of historic headwinds with tobacco use, Altria's dividend is too good to be true.
While many stocks with yields close to 10% can end up being a trap for income-seeking investors, I don't think that will be the case with Altria Group. Here's why.
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Source Fool.com
