Here's How Many Shares of Altria You'd Need for $500 in Yearly Dividends

It would cost investors a little over $27,000 if they were starting with zero shares.Tobacco giant Altria (MO +0.97%) has routinely held one of the highest dividend yields on the stock market. Its current yield is 7%, which is almost six times higher than the S&P 500 (^GSPC +0.25%) average. Even so, it's below Altria's 7.7% average over the past five years.Altria's annual dividend is$ 4.24 per share ( $1.06 quarterly), meaning you'd need to own 472 shares to receive$ 500 in annual dividend income. At the tim ...