You want cheap? How about Marlboro cigarette maker Altria Group (NYSE: MO), with its stock recently down more than 47% from a 2017 peak? A falling stock price will increase a stock’s dividend yield, and Altria’s payout was recently yielding a whopping 8.3%.
If you don’t mind profiting from tobacco (or cannabis or alcohol), Altria offers a generous income stream that’s likely to be increased over time.
The tobacco industry is facing more challenges than ever and isn’t the growth industry it once was, but tobacco giants like Altria still have ways to reward their shareholders.
Increasing the price of tobacco products is unlikely to make smokers reduce their
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