5 Very High Yield Dividend Stocks Worth Checking Out

Page 1 of 5

Below you can find the list of the 5 very high yield dividend stocks. For detailed coverage of this topic and a more comprehensive list, please see the 15 very high yield dividend stocks.

At Insider Monkey we leave no stone unturned when looking for the next great investment idea. For example, lithium mining is one of the fastest growing industries right now, so we are checking out stock pitches like this emerging lithium stock. We go through lists like the 10 best hydrogen fuel cell stocks to pick the next Tesla that will deliver a 10x return. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. You can subscribe to our free daily newsletter on our homepage. Keeping this in mind let’s take a look at the very high yield dividends stocks to buy:

5. Altria Group Inc (NYSE: MO)

Dividend Yield: 8.37%

Revenue: $20.5 billion

Market Cap: $78.48 billion

Assets: $52.6 billion

Headquarters: Richmond, VA

The Altria Group owns several of the largest cigarette companies in the US, including Philip Morris USA, the U.S. Smokeless Tobacco Company, and John Middleton. The most popular tobacco brands of the company include Marlboro, Copenhagen, Skoal, and Black & Mild. Altria Group Inc pays an annualized dividend of $3.44 yielding 8.37%

In a Q2 2020 investor letter, Artko Capital highlighted a few stocks and Altria Group Inc. (NYSE: MO) is one of them wherein they stated:

“Altria Group (MO) – We made a 9% Core Portfolio investment in Altria group at sub $40.00 in 2019 with the view that it was a good place to park cash at an 8%+ dividend yield with liquidity and a 15- 25% annual IRR upside. When the stock reached $50+ in early 2020 we took half of our position off the table and took the rest off back at $40 in spring 2020 as we are positioning our portfolio to have significantly higher upside in the nanocap space as the economy and the small-cap markets recover over the next few years. We may come back to MO in the future as it is a solid dividend-yielding investment, but as we mentioned earlier, our strategy does involve off-the-beaten-path companies with an opportunity to get repriced on the growth of revenues and earnings and Altria Group’s low growth was not going to get us the returns we seek given the repricing of the value segment of the small-cap markets.”

Altria Group Inc

Page 1 of 5