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Is Altria's 9%-Yielding Dividend Safe?

TheMotleyFool

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Is Altria's 9%-Yielding Dividend Safe?: https://g.foolcdn.com/editorial/images/756916/businessman-showing-chart-to-co-worker.jpg

A top dividend growth stock with a high yield can be an excellent asset to hold in your investing portfolio. You can collect a good dividend today, and it's possible that the payouts will rise in the years ahead, potentially offsetting some or all of the effects of inflation.

Altria Group (NYSE: MO) has increased its dividend 58 times in the past 54 years and has generally been one of the most stable dividend stocks to own. And today, the yield is an incredible 9.2%. But the company's future remains hazy, with the tobacco business being in decline.

Is the company's high-yielding dividend safe? Is this a stock that investors should add to their portfolios?

Source Fool.com

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