Will Altria's Stock Continue to Be a Dividend Darling?

Altria Group (NYSE: MO) has long been a dividend darling that attracts investors looking for a high yield. The company has raised its dividend every year since 2009, and the stock currently sports a forward dividend yield of 7%.The questions on many investors' minds, though, is whether the dividend is healthy and if the stock can continue its recent momentum. Let's dip into the tobacco giant's recent first-quarter report to help find some answers.Cigarette smoking in the U.S. is on the decline. This is due to a combination of health concerns as well as the popularity of alternatives such as vaping. While Altria's Njoy vaping brand is growing nicely, it remains a very small part of the company's portfolio. In addition, it faces intense competition from illegal flavored Chinese vaping products.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool