Is a Dividend Cut Coming for This 9.5%-Yielding Stock?
High-yielding dividend stocks are tempting because they can provide you with a lot of recurring income. But when the yields become excessively high, there's usually a good reason they're at those levels -- namely, investors are getting a premium for the risk involved.
One stock that falls into that category is tobacco maker Altria Group (NYSE: MO). At 9.5%, it pays a dividend yield that is more than six times the S&P 500 average of 1.5%. But just how safe is that dividend?
Altria recently released its full-year results for 2023, including the last three months of the past year, which can provide investors with some valuable insight into how the company is doing and whether the dividend is in trouble.
Source Fool.com
