Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Altria Group, Inc. (MO) Is Still the Dividend King

Altria is one of only three companies in the S&P 500 Index whose total shareholder return has exceeded the S&P 500’s return every year for the last 12 years.

Since the spin-offs of Philip Morris International and Kraft in 2008, Altria has increased its dividend six times.  The stock’s dividend has grown at a compound annual growth rate of more than 8% over the last four years.  Altria’s management has targeted a payout ratio of roughly 85% of earnings going forward.  Through a combination of increasing revenues and cost controls, it would be reasonable for investors to expect dividend growth in the range of the mid-to-high single digits.  Considering Altria’s current yield of almost 5.5%, Altria will provide investors a compelling mix of a high current yield and solid dividend growth for many years to come.

The article Altria Is Still the Dividend King originally appeared on Fool.com.

Copyright © 1995 – 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Biotech Insider Alert - $5 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!