07-28-2020, 10:14 AM
(07-28-2020, 08:37 AM)EricL Wrote: Another increase from Altria Group, which is yielding over 8%. I think this is one of those situations where a year or two from now people will be kicking themselves for not adding to a great company at such a great price.I agree. I am inclined to go overweight, or at a minimum start selling puts and put myself in "danger" of that. Great companies don't make very high dollar boneheaded management moves, but I'd like to think that is behind MO for a long time.
Altria (NYSE:MO) declares $0.86/share quarterly dividend, a 2.4% increase from prior dividend of $0.84.
Forward yield 8.17%
Payable Oct. 9; for shareholders of record Sept. 15; ex-div Sept. 14.