5 Very High Yield Dividend Stocks Billionaires Are Piling Into

3. Altria Group Inc (NYSE:MO)

Nr. of Billionaire Investors: 13

Dividend Yield: 9.28%

Altria Group Inc (NYSE:MO) is the only dividend king in our list of stocks, having raised its dividend each year for the past 54 years. Earlier this month, the tobacco company declared a dividend of $0.98 per share, in-line with the previous and payable on January 10 for shareholders as of December 21. For the last quarter, Altria Group Inc (NYSE:MO) reported EPS of $1.28 and revenue of $5.28 billion, both lower than expected. Amid the miss, the company also narrowed its full-year outlook to between $4.91 and $4.98 from the previous range of $4.89 to $5.03. During the third quarter, billionaire Cliff Asness’ AQR Capital Management raised its stake in Altria Group Inc (NYSE:MO) by 55% to 4.71 million shares.