5 Dogs of the S&P 500

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

Dividend Yield as of June 22: 8.56%

Altria Group, Inc. (NYSE:MO) is an American manufacturing company that specializes in cigarettes, tobacco, and other related products. In the first quarter of 2023, the company distributed $1.7 billion to shareholders in dividends.

Altria Group, Inc. (NYSE:MO) is one of the top dogs of the S&P 500 with a dividend yield of 8.56%, as of June 22. The company has been growing its dividends consistently for the past 53 years. It currently pays a quarterly dividend of $0.94 per share.

At the end of Q1 2023, 49 hedge funds tracked by Insider Monkey owned positions in Altria Group, Inc. (NYSE:MO), up from 45 in the previous quarter. These stakes have a total value of over $1.13 billion.