3 Things to Know About Altria Stock Before You Buy
Altria's (NYSE: MO) large 7.9% dividend yield is probably the key thing that will attract investors to the stock today. However, in the consumer staples space, yields don't often get that high without a very good reason (or more accurately a very worrisome reason).
Before you buy Altria stock for the income stream it can create, step back and consider these three facts.
In the first quarter of 2024, Altria's smokeable products division, which is largely made up of cigarette sales, produced revenue of $4.9 billion. That's roughly 88% of the company's total revenue of a little under $5.6 billion. Cigarettes are the driving force at Altria.
Source Fool.com
