Why Altria Group Has Such a Safe Dividend
The tobacco industry is better off than people realize.
The parent company of Philip Morris USA, Altria controls much of the U.S. tobacco market with Marlboro, Parliament, and other brands.
The tobacco industry is better off than people realize.
The tobacco giant's dividend is as unhealthy as its products.
The tobacco giant's competitive advantages have bolstered it for more than 100 years, despite regulatory pressure.
Not even favorable market conditions seemed to help the tobacco giant.
The stock market is getting pricey, and now is a good time to bet on companies that trade at modest valuations.
While this should keep the company on the list of favorite dividend stocks, Altria faces considerable challenges these days.
Both companies have high hopes for the next-gen tobacco consumption device.
Should investing in the marijuana industry be paired with buying shares of traditional cigarette companies?
But the tobacco giant hints at taking action in the future.
The top domestic tobacco company still faces severe secular headwinds.