Is Philip Morris dividend safe?

Is Philip Morris a good dividend stock?

Based on the recent stock price, the company’s dividend payout puts the Philip Morris dividend yield at a very attractive 4.8% (at the time of this update).

Will Altria raise its dividend in 2021?

(Altria) (NYSE: MO) today announced that its Board of Directors voted to increase Altria’s regular quarterly dividend by 4.7% to $0.90 per share versus the previous rate of $0.86 per share. The quarterly dividend is payable on October 12, 2021 to shareholders of record as of September 15, 2021.

Is Altria Group dividend safe?

We believe the current Dividend Yield of 7.3% is safe, both the dividend and the share price will grow significantly in the next few years, and our forecasts show a 65% total return (17.2% annualized) by 2024 year-end, with additional upside if the ABI stake is sold after the lockup expires this October.

Is Altria a good dividend stock?

The Altria stock dividend appears safe. It consumes about 80% of the company’s free cash flow. And that cash is supported by a consistent and proven business model. Also, Altria projects slow but profitable growth during the next 1-3 years.

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Is PM a buy or sell?

Consensus Rating

The company’s average rating score is 2.60, and is based on 6 buy ratings, 4 hold ratings, and no sell ratings.

Does Philip Morris pay dividends?

PMI has increased its annual dividend every year since becoming a public company in 2008, representing a total increase of 171.7%, or a compound annual growth rate of 8.0%.

Which stock has the highest dividend?

Dividend Aristocrat Companies With the Highest Dividends

Company Dividend yield
AT&T (T) 6.93%
T Rowe Price (TROW) 6.15%
ExxonMobil (XOM) 5.80%
Chevron (CVX) 5.05%

Does MO pay a dividend?

MO pays a dividend of $3.48 per share. MO’s annual dividend yield is 7.16%. Altria Group’s dividend is higher than the US Consumer Defensive industry average of 3.9%, and it is higher than the US market average of 3.37%.

How much dividend does MO pay?

Dividend History for Altria Group, Inc. (MO)

Ex-Div. Date Amount Pay. Date
3/24/2020 $0.84 4/30/2020
12/24/2019 $0.84 1/10/2020
9/13/2019 $0.84 10/10/2019
3/22/2019 $0.80 4/30/2019

What stocks pay dividends monthly?

The following seven monthly dividend stocks all yield 6% or more.

  • AGNC Investment Corp. ( ticker: AGNC) …
  • Gladstone Capital Corp. ( GLAD) …
  • Horizon Technology Finance Corp. ( HRZN) …
  • LTC Properties Inc. ( LTC) …
  • Main Street Capital Corp. ( MAIN) …
  • PennantPark Floating Rate Capital Ltd. ( PFLT) …
  • Pembina Pipeline Corp. ( PBA)

Is AT&T going to lower their dividend?

Right in the press release, it justified its dividend cut, which will see the quarterly payment drop by half once the transaction closes in mid-2022. “Attractive dividend – resized to account for the distribution of WarnerMedia to AT&T shareholders.

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Is Altria a good long term investment?

Altria has a long history of rewarding shareholders with ample returns of capital via dividends. MO has been a perpetually cheap, hated stock, but one of the best long-term performers in the S&P 500 due to its high return on equity and dividend-friendly policies.

Is MO stock a buy?

The bottom line: Altria is not a buy yet. Moreover, MO stock has mediocre ratings. Earnings growth might tick higher this year. But revenue has bounced between anemic growth and modest declines.

Why is Altria stock falling?

The stock was beaten down in the second half of 2020 despite a sharp recovery in the market. This was mainly because of a whopping 88% write down of Altria’s investment in vaping company JUUL Labs, due to lingering public health concerns over the safety of vaping and legal challenges from the Federal Trade Commission.