How do you see the dividend yield and payment of MO
3/9/2024 02:11am
Altria Group (MO) presents a mixed outlook for dividend investors:1. Dividend Yield: MO's current dividend yield stands at 9.24%, indicating a potentially attractive income stream for investors.2. Dividend Payout Ratio: The payout ratio as of 2023 Q4 is 13.33%, suggesting the company is distributing a significant portion of its earnings as dividends.3. Free Cash Flow: The company experienced fluctuating free cash flow in recent quarters, with negative values in 2023 Q1 and Q3. However, a substantial increase in free cash flow to $12.54 billion in 2023 Q4 indicates a strong financial position.4. Dividend Continuous Duration: Altria Group has a remarkable 44-year history of continuous dividend payments, reflecting a strong commitment to shareholders.In conclusion, while Altria Group offers a high dividend yield, investors should consider the company's payout ratio and recent fluctuations in free cash flow. The long-term dividend history is impressive, but current financial health warrants cautious optimism.