A Solid Protection Against Trump's Tariffs
Altria is a dividend king that has continuously increased its payouts for 55 years.
The tobacco giant currently entices with a dividend yield of 7.2 %.
Reading Time: 1 minute
The Altria Group (NYSE: MO) is a holding company that engages in the manufacture and sale of tobacco products. It serves as a solid hedge against Trump's tariffs, as the company relies little on imports and sources its tobacco from American suppliers. Furthermore, offering cigarettes is a recession-proof business model. Altria is known for its brands such as Marlboro, L&M, and Black & Mild. The Virginia-based corporation also has significant pricing power, as consumers find it difficult to give up tobacco products due to the addictive nature...
Read this article now with a free account.
Your benefits:
- Every month, you can read 5 articles from the premium section for free.
- Monthly 2 trial issues of the Trader newspaper for free.
- Create a personal watchlist with an overview of news about your stock.
