Is Altria Group's 8.2% Dividend Yield Safe for the Long Run?

By Parkev Tatevosian, CFA – Jul 27, 2023 at 4:30AM

NYSE: MO

Altria Group

Market Cap

$75B

Today's Change

(-0.37%) -$0.16

Current Price

$43.38

Price as of April 26, 2024, 4:00 p.m. ET

The tobacco company is struggling to divest away from the declining industry.

Fool.com contributor Parkev Tatevosian evaluates Altria's (MO -0.37%) financials to determine whether there are any major concerns about its robust dividend yield.

*Stock prices used were the afternoon prices of July 24, 2023. The video was published on July 26, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.