Why Are Passive Income Investors Talking About Altria Stock?

By Parkev Tatevosian, CFA – Sep 9, 2023 at 6:45AM

NYSE: MO

Altria Group

Market Cap

$78B

Today's Change

(-1.47%) -$0.68

Current Price

$45.64

Price as of May 23, 2024, 4:00 p.m. ET

The company has increased its dividend significantly over the years.

Fool.com contributor Parkev Tatevosian discusses the reasons he thinks passive income investors are interested in Altria (MO -1.47%) stock.

*Stock prices used were the afternoon prices of Sept. 6, 2023. The video was published on Sept. 8, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.