Altria Group Inc. has established itself as a Dividend King, having paid and increased its dividend for 54 consecutive years, significantly outpacing the 25-year requirement for S&P 500 members.
Investors are drawn to dividend stocks because they provide a steady stream of passive income, allowing for diversification of income sources and aiding in achieving financial independence.
The current dividend yield for Altria stands at approximately 7.8%, surpassing the average yield in its industry and the broader consumer staples sector, enhancing its attractiveness to shareholders.
Despite facing challenges with waning demand in one of its key brands, Altria's ongoing commitment to dividend payments reflects a strong dedication to shareholder value.
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