Altria's Yield Falls Below 5%
By Tradevestor:The Basics: Altria (MO) has been one of the best performing stocks for years. 2012 has been no different as the stock has returned about 14% including dividends. People hold different stocks for different reasons. Most people view Altria as an income stock, a great yielder. It does not have the same growth potential of say, Philip Morris International (PM). Nor does it boast a very high dividend growth rate like PM. People love it for its current high yield. Plain and simple.The Recent Happening: But a significant happening went almost unnoticed on Friday, June 8th when Altria closed at $32.91. Its current yield fell below 5% for the first time since the 2007/2008 spin offs. While it still boasts a very healthy 4.9% yield, people wanting to establish a new position in Altria here for income might do well to pause and take a look at the fallingComplete Story »
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