(08-02-2021, 07:29 PM)ChadR Wrote: MO is my favorite high yielder right now. Once a stock hits 8% yield or higher, I get scared and usually sell.
If MO got to 8% I would load the boat. As one of the dividend stocks, it also maintains a long-term dividend payout ratio of around 75%, translating into a 7%-plus dividend yield — one of the highest yields among the blue chips. Today, its forward P/E and P/S ratios stand at 10.35 and 4.16, respectively.
Like you, MO is one of my top dividend stocks to buy for safety and income. And it has raised its dividend 55 times over the last 51 years. You don't get any better then that for an Aristocrats.