10 Best Dividend Stocks to Buy for Retirement

7. Altria Group, Inc. (NYSE:MO)

Number of Hedge Fund Holders: 49

Altria Group, Inc. (NYSE:MO) is among the best dividend stocks to buy for retirement. The company mainly generates its revenue by selling nicotine-based products, with cigarettes accounting for the majority of its income. While nicotine isn’t an essential item, its addictive nature means that consumers typically continue purchasing their preferred form of consumption regardless of economic conditions.

In the second quarter of 2025, Altria Group, Inc. (NYSE:MO) reported revenue of $6.1 billion, which fell by 1.7% from the same period last year. The company remained focused on advancing its long-term Vision while sustaining the strength and profitability of its core operations. Within the oral tobacco segment, the product “on!” demonstrated strong performance and served as the primary contributor to the segment’s growth during the period.

Altria Group, Inc. (NYSE:MO) also demonstrated a stable cash position in the second quarter. At the end of the period, the company had nearly $1.3 billion available in cash and cash equivalents. It also returned $1.7 billion to shareholders through dividends, showing its commitment to investor return. In addition, the company is a Dividend King with 55 consecutive years of dividend growth under its belt. The company offers a quarterly dividend of $1.02 per share and has a dividend yield of 6.63%, as of July 30.