5 High Free Cash Flow Dividend Stocks

In this article, we discuss 5 high free cash flow dividend stocks. If you want to read our detailed analysis of free cash flow stocks, go directly and read 10 High Free Cash Flow Dividend Stocks. 

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

Free Cash Flow Yield: 10%
Dividend Yield as of August 1: 8.21%

Altria Group, Inc. (NYSE:MO) produces and markets tobacco, cigarettes, and related products. In its second quarter 2022 report, the company posted solid financials, with cash and cash equivalents amounting to over $2.5 billion. The company paid over $1.6 billion in dividends during the quarter and maintained its long-term payout ratio target of 80%. It also repurchased 10 million shares in Q2 for a total cost of over $507 million.

On May 19, Altria Group, Inc. (NYSE:MO) declared a quarterly dividend of $0.90 per share, in line with its previous dividend. The company holds a 52-year streak of consistent dividend growth. As of August 1, the stock’s dividend yield came in at 8.21%.

In July, Jefferies set a $54 price target on Altria Group, Inc. (NYSE:MO) with a Buy rating on the shares but expressed concerns due to worsening cigarette volumes in the US.

At the end of Q1 2022, 47 hedge funds in Insider Monkey’s database owned stakes in Altria Group, Inc. (NYSE:MO), up from 39 a quarter earlier. These stakes are collectively valued at nearly $2 billion. GQG Partners was the leading stakeholder of the Virginia-based company in Q1, owning stakes worth over $956.2 million.