Altria($MO+0.1%) raises its dividend again after a year, increasing 4.3% to $0.98/share quarterly. At the current share price, that's a 9.1% yield.

Altria now has the highest dividend yield of any tobacco company (followed by $BTI-0.8% at 9%).

But this can also be viewed negatively. Some investors would welcome more debt reduction or buybacks. Personally, I am of the same opinion.

How do you view the move?

$41.30 -$0.02 -0.05%
Capital Structure
Market Cap
Enterpr. Val.

I have a feeling that the divi in those numbers isn't exactly sustainable for them long term right now. After all, they don't exactly have a small debt

It's true, the pay ratio is not pretty.

On the other hand, I see it as a way to encourage investors to buy

I will be buying both of these stocks next week :). Otherwise, it sure would be nice if these companies started to reduce that debt.

I personally like $BTI-0.8% better , $MO+0.1% has more debt and I don't like that. I'll be overbuying $BTI-0.8%, I find it the best of the tobacco companies.

I have $BTI-0.8% but a really small position and frankly $MO+0.1% no less when they raise the dividend rather than delete debt so I don't know if I will buy yet so I have other sectors picked to buy that have fallen more now and are better for me to buy. I'm happier when a company has little or no debt it's such a sign to me that they care about not being in debt too much and thus making that company healthier. 🤷‍♂️