Altria: Take Advantage Of The Ex-Dividend Drop

Sep. 14, 2022 12:45 PM ETAltria Group, Inc. (MO)185 Comments


  • Altria stock has fallen sharply this week related to both market volatility and the quarterly dividend payment.
  • With this combination of factors, the dividend yield has now spiked to 8.6%.
  • While I don't expect much capital gains from Altria, shares are a fine choice for income-seeking investors.
  • Looking for a helping hand in the market? Members of Ian's Insider Corner get exclusive ideas and guidance to navigate any climate. Learn More »

Philip Morris Changes Name To Altria

Mario Tama

For income investors, tobacco company Altria (NYSE:NYSE:MO) is back at an attractive valuation. As the stock has recently fallen from $45 to $42, shares now approach a 9% dividend yield. Here's what you need to know.

Over the

MO Quote

MO Quote (Seeking Alpha)

Data by YCharts

Data by YCharts

Data by YCharts

Data by YCharts

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This article was written by

Ian Bezek profile picture
Research and trade alerts from a hedge fund pro with a global outlook.

Ian worked for Kerrisdale, a New York activist hedge fund, for three years, before moving to Latin America to pursue entrepreneurial opportunities there. His Ian's Insider Corner service provides live chat, model portfolios, full access and updates to his "IMF" portfolio, along with a weekly newsletter which expands on these topics.

Disclosure: I/we have a beneficial long position in the shares of MO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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