Altria Declares Fresh Dividend; Yield Is 8%
Altria's (NYSE: MO) first dividend payment of 2021 will be $0.86 per share, the company's board of directors has declared. It will be handed out on Jan. 11 to investors of record as of Dec. 28.
The move will support Altria's status as a favorite dividend stock, especially since its yield (a shade under 8%) is quite high relative to that of other big companies. This is supported by cash flow that continues to be robust, even though the tobacco business has become challenging over the past few years due to regulatory limits and the ever-growing trend of healthier living throughout the world.
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Source Fool.com
