Altria Group: Is This High-Yield Dividend Stock Too Cheap to Ignore?
Despite offering high dividend returns at a low price, missteps and revenue declines may dampen the appeal of Altria stock.Tobacco giant Altria Group (MO +1.48%) is in a difficult position. The company has long mitigated the detrimental effect of declining smoking rates on its revenue by raising product prices. Now, revenue falling anyway seems to suggest that the approach has stopped working.Even more puzzling, the stock price has trended higher since the beginning of 2024 despite this new development, and ...