5 Cheap Dividend Stocks with High Yields

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

P/E Ratio as of December 7: 8.45
Dividend Yield as of December 7: 9.46%

Altria Group, Inc. (NYSE:MO) is an American multinational tobacco company. The company has been growing its dividends for the past 54 consecutive years and it pays a quarterly dividend of $0.98 per share. The stock’s dividend yield on December 7 came in at 9.46%.

Of the 910 hedge funds tracked by Insider Monkey at the end of Q3 2023, 40 funds owned investments in Altria Group, Inc. (NYSE:MO). The total value of stakes owned by these hedge funds is over $565 million.