I'm Worried About MO

[fenders53]

They are supposedly targeting 80% payout ratio. Dividend is still covered by FCF. They will need to avoid M&A unless it is instantly accretive. I assume dividend growth will remain minuscule. They can probably cut costs and keep this working. Obviously management knows that MO has no reason to exist other than the dividend, and remain focused. They have little room for further errors. That and never ending regulatory risk I can't know grew tiresome. You are wise to keep an eye on them. I saw a quote on another site.

"Don't panic, but if you are going to panic, always panic first".