Altria(MO) raises its dividend again after a year,

Altria($MO) raises its dividend again after a year, increasing 4.3% to $0.98/share quarterly. At the current share price, that's a 9.1% yield.

Altria now has the highest dividend yield of any tobacco company (followed by $BTI at 9%).

But this can also be viewed negatively. Some investors would welcome more debt reduction or buybacks. Personally, I am of the same opinion.

How do you view the move?

Daniela Duong

@danieladuong 1y

I have a feeling that the divi in those numbers isn't exactly sustainable for them long term right now. After all, they don't exactly have a small debt

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Bill Combs

@billcombs 1y

I will be buying both of these stocks next week :). Otherwise, it sure would be nice if these companies started to reduce that debt.

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Moe Whitehead

@investormoe 1y

I personally like $BTI better , $MO has more debt and I don't like that. I'll be overbuying $BTI, I find it the best of the tobacco companies.

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Alden Yap

@aldenyap 1y

I have $BTI but a really small position and frankly $MO no less when they raise the dividend rather than delete debt so I don't know if I will buy yet so I have other sectors picked to buy that have fallen more now and are better for me to buy. I'm happier when a company has little or no debt it's such a sign to me that they care about not being in debt too much and thus making that company healthier. 🤷‍♂️

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