How To Earn $500 A Month From Altria Group Stock
Portfolio Pulse from Avi Kapoor
Altria Group, Inc. (NYSE:MO) declared a regular quarterly dividend of 98 cents per share, payable on July 10. Despite a 2.5% year-over-year sales decline in Q1 FY24, Altria beat analyst estimates. The company has a dividend yield of 8.39%, making it attractive for dividend-seeking investors. To earn $500 monthly from Altria's dividends, an investor would need approximately 1,531 shares, equating to $71,498. The dividend yield and payment can fluctuate over time.
June 10, 2024 | 12:02 pm
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Altria Group declared a quarterly dividend of 98 cents per share, payable on July 10. Despite a 2.5% sales decline in Q1 FY24, Altria beat analyst estimates. The company has a dividend yield of 8.39%, making it attractive for dividend-seeking investors.
The declaration of a quarterly dividend and the company's ability to beat analyst estimates despite a sales decline are positive indicators. The high dividend yield makes the stock attractive to dividend-seeking investors, likely leading to a short-term positive impact on the stock price.
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