“4 NEW Dividend Increases You Need to Know About!”
Altria has fundamental upside to $78/share (10.5%) but faces headwinds from higher risk-free yields compressing its relative value.
And the first stock we're going to be looking at is Altria, stock ticker mo, who just announced a 4.7% dividend increase. Now, Altria is actually a stock that I've held in my personal portfolio for just a few years now, and on a total return basis, I've performed very well.
Altra is up by close to 90%. And keep in mind, at the time that I added this stock, it was yielding roughly 9%. So, when we look at my dividend yield on cost, it's now sitting closer to 10%. It's at 9.63%.