5 Value Stocks to Buy With High Dividend Yields

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

P/E Ratio as of November 16: 8.25
Dividend Yield as of November 16: 9.69%

Altria Group, Inc. (NYSE:MO) is an American tobacco company that produces related products for its customers. The company pays a quarterly dividend of $0.98 per share, having raised it by 4.3% in August this year. This marked the company’s 54th consecutive year of dividend growth. The stock’s dividend yield on November 16 came in at 9.69%.

As of the end of Q2 2023, 43 hedge funds tracked by Insider Monkey reported having stakes in Altria Group, Inc. (NYSE:MO), compared with 49 in the previous quarter. The collective value of these stakes is over $446.2 million.

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