The growth trade is finally fading in favor of boring growth names. Shares of tobacco giant Altria (MO), with its massive 7.2% dividend yield, seem like an old-school play to check out as investors begin to buy boring value names lacking in real growth prospects. Despite the elevated payout ratio, Altria's dividend still looks well-supported, given it really doesn't need to invest considerable sums of capital like most other firms. Still, just because the dividend seems secure (for now) does not mean Altria's seemingly undervalued shares are a buy. The stock has been on a rough multi-year decline since the summer of 2017. I am bearish on Altria stock.
https://www.tipranks.com/news/article/altria-stock-secure-dividend-but-too-many-headwinds?utm_source=advfn.com&utm_medium=referral
Altria (NYSE:MO)
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Altria (NYSE:MO)
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