Stock Market Sell-Off: Is Altria Stock a Buy?
The S&P 500 has declined nearly 20% this year as inflation, rising rates, and other macro challenges rattled the markets. Shares of many companies that were trading at higher valuations, racking up losses, or shouldering too much debt suffered even steeper declines. However, that sell-off also drove investors toward more conservative blue-chip dividend stocks.
One such stalwart was Altria (NYSE: MO), the largest tobacco company in the United States. Its stock only dipped about 2% for the year, and generated a positive total return of nearly 6% after factoring in reinvested dividends. It still pays a hefty forward yield of 8% and trades at just 9 times forward earnings. So should investors still invest in Altria today?
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Source Fool.com
