Altria($MO+0.2%) 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+0.1% 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?
Altria
MOCapital Structure
Market Cap
78.2B
Enterpr. Val.
99.6B
Valuation
P/E
9.5
P/S
3.6
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
I will be buying both of these stocks next week :). Otherwise, it sure would be nice if these companies started to reduce that debt.
I personally like $BTI+0.1% better , $MO+0.2% has more debt and I don't like that. I'll be overbuying $BTI+0.1%, I find it the best of the tobacco companies.
I have $BTI+0.1% but a really small position and frankly $MO+0.2% 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. 🤷♂️