Dividend King Altria Recently Raised Its Quarterly Dividend by Nearly 5%. Is the Stock a Buy?
Altria has consistently paid and raised its annual dividend for decades.
Overview
Investing in dividend stocks is a great way for investors to establish a passive stream of income that is often more reliable than investing solely for appreciation.
However, there is more to dividend investing than meets the eye. Companies may be forced to cut their dividends if their operations start to slip, and high dividend yields can turn into a trap.
Details
Altria Group (NYSE: MO) has long been viewed as a strong dividend stock, and the company recently raised its quarterly dividend by nearly 5%. Is the Dividend King, a company that has raised its dividend for 50 consecutive years, a buy?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.