Want $1,000 in Dividend Income? Here's How Much You'd Have to Invest in Altria Stock
Tobacco giant Altria Group (NYSE: MO) has been one of the more prominent dividend stocks over the last few decades. Despite hundreds of billions of dollars in legal settlements, its products' addictive qualities have allowed it to offer generous payouts to draw investors to the stock.
Nonetheless, the popularity of its chief product -- cigarettes -- has been declining for decades, so investors should look closely at its entire business before attempting to profit from those payouts.
Altria pays $3.92 per share in annual dividends. At its current price, that gives it a dividend yield of 8.75%, meaning investors would have to invest $11,430 to receive $1,000 per year.
Source Fool.com
