Altria (NYSE: MO) recently raised its quarterly dividend 14.3% to $0.80 per share, which boosted its forward yield to a multi-year high of 5.5%. That big payout, coupled with Altria's low forward P/E of 13, makes the company look like a tempting income investment.Yet Altria's stock also declined nearly 20% this year due to ongoing concerns about waning cigarette sales and tighter government regulation of tobacco products.
Is Altria Group's Dividend Worth The Risk?
newsfeedback@fool.com (Leo Sun), The Motley Fool
Sat, 09/01/2018 - 9:00am
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