Investors love tobacco stocks because of their high dividend yields and growing dividend payouts. Long-term shareholders in these companies have made a fortune by simply holding and watching the dividend payments pile up in their accounts.

Today, Altria Group (NYSE: MO) has a dividend yield of 8.43%. The United States-focused tobacco giant can generate $1,000 in annual dividend income for investors who buy $11,862 worth of stock right now. But is this dividend sustainable? Is Altria Group a safe dividend stock today?

I think it is. Here's why Altria Group is a smart play for investors looking to build a diversified dividend income portfolio.

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Source Fool.com