Looking for Passive Income? Buy This Dividend King

Fears of stagflation -- high inflation combined with slowing economic growth, have pushed the stock market into bear market territory. The S&P 500 index has lost 22% so far this year.

But stocks that pay market-beating income to their shareholders have fared much better. For instance, shares of tobacco company Altria Group (NYSE: MO) are down just 3% thus far in 2022. Even with this significant outperformance, the stock still looks like a buy for income investors. Here's why.

As has been the case for decades, Altria Group was able to overcome volume declines in its business last quarter.

Source Fool.com