Is Altria Stock a Long-Term Buy?
Altria Group (NYSE: MO) is a world-class dividend stock with more than five decades of uninterrupted dividend increases. The legendary company, most known for its Marlboro cigarette brand, has become a staple in many dividend stock portfolios, but, admittedly, the long-term outlook is arguably as uncertain now as it has ever been.
The tobacco stock and broader nicotine industry are transitioning from combustible cigarettes to newer, smoke-free products.
Altria's success in capturing these emerging trends will say much about the company's worthiness for your portfolio as its tobacco business eventually runs out of runway. Is Altria doing the right things to make it a long-term buy today?
Source Fool.com
