Altria's stock often performs better during market sell-offs, remaining attractive with a 7.8% dividend yield, despite a dull revenue outlook and stagnant share performance.
Altria has paid out $32 billion in dividends since 2019, making it a cash machine that must decide how to allocate its wealth, appealing to income-focused investors.
With a 52-week trading range of $39.07 to $54.48, Altria shares are stable but boring, appealing in declining markets despite underperforming the S&P 500 overall.
In the first half of this year, Altria's revenue fell by 3.6%, yet it reported a 56% increase in per-share earnings, showcasing a mixed financial performance.
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