Will Altria Raise Its Dividend in 2020?
The tobacco industry has been a cash cow for investors for decades, and Altria Group (NYSE: MO) has successfully sustained its position atop the U.S. tobacco industry through thick and thin. Despite facing existential threats on multiple occasions over the course of its history, Altria has nevertheless managed to survive and use its ample pricing power to overcome the negative impact of the trend away from smoking over the years.
Dividend investors have been quite happy with Altria's stock, as it has not only managed to boost its payouts year in and year out but also has delivered strong price appreciation during its history as well. However, as new regulations on e-cigarettes call into question one of its potential strategies for the future, Altria has some wondering if it can sustain its track record for dividend excellence. Let's look more closely at Altria and how things look for its dividend in 2020.
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Source Fool.com
