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This Stock Has a 9.75% Dividend Yield, and 15% Upside According to Wall Street Experts

TheMotleyFool

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This Stock Has a 9.75% Dividend Yield, and 15% Upside According to Wall Street Experts: https://g.foolcdn.com/editorial/images/763084/cigarettes-marlboro.jpg

Wall Street experts are bullish on U.S. tobacco company Altria Group (NYSE: MO), which sells Marlboro cigarettes domestically. The average 12-month price target from analysts implies a 15% upside, plus investors must factor in a tremendous dividend that yields almost 10% at the current share price.

But the stock has underperformed the broader market for several years, so is this where investors can finally see some steady green? The company recently reported fourth-quarter earnings for 2023, setting the tone for what's to come.

Here is what you need to know.

Source Fool.com

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