It's generally not a bad idea to allocate some portion of your portfolio to dividend stocks. Dividends are a great source of passive income and can help mitigate volatility in your portfolio that you might experience from growth stocks.

One of the safest dividend stocks is tobacco company Altria (NYSE: MO). It's a member of an exclusive club called the Dividend Kings: companies that have grown their dividend payment annually for at least 50 consecutive years.

Let's dig into Altria's business and assess why now looks like a great opportunity for dividend investors to scoop up some shares.

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Source Fool.com