Top 12 Undervalued Dividend Stocks to Buy Now

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

Forward P/E Ratio: 12.17

Dividend Yield as of May 17: 5.80% 

Altria Group, Inc. (NYSE:MO) manufactures and sells smokeable and oral tobacco products in the United States.

On May 15, Altria Group, Inc. (NYSE:MO) declared a quarterly dividend of $1.06 per share. The dividend is payable on July 10 to all shareholders as of the June 15 record. The company has increased its payouts for 56 consecutive years and maintains the prestigious title of a Dividend King. MO currently boasts a robust annual dividend of 5.80%.

Altria Group, Inc. (NYSE:MO) reported strong results for its Q1 2026 last month, exceeding expectations in both profits and revenue. The company’s adjusted EPS grew by 7.3% YoY to $1.32, while its revenue also surged by over 5% YoY to around $4.8 billion.

Altria Group also reaffirmed its target to deliver adjusted diluted EPS in the range of $5.56 to $5.72 for FY 2026, representing a growth rate of 2.5% to 5.5% from a base of $5.42 in 2025.

While we acknowledge the potential of MO as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MO and that has 100x upside potential, check out our report about the cheapest AI stock.

Click to continue reading and see the Top 5 Undervalued Dividend Stocks to Buy Now.

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