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New: Introducing “Why Is It Moving?” - lightning-fast, AI-driven explanations of stock moves
Altria Group, Inc. (NYSE:MO) is included among the 13 Most Profitable Dividend Stocks to Buy Right Now.
Altria Group, Inc. (NYSE:MO) stands as one of the leading names in the tobacco industry, with a portfolio that includes well-known brands such as Marlboro, Black & Mild, Copenhagen, and Skoal. The company also belongs to the elite group of Dividend Kings, boasting 56 consecutive years of dividend growth and 60 total increases in that span. Over the last decade alone, its dividend payout has climbed by more than 87%.
Despite its strong dividend history, Altria Group, Inc. (NYSE:MO) continues to face a major challenge: the steady decline in smoking rates among US adults. This trend has weighed on its shipment volumes. However, the company has managed to cushion the impact through its pricing strength. Tobacco remains one of those products with relatively inelastic demand as consumers tend to buy it regardless of price changes or broader economic pressures. While that pricing power has supported results, it’s not a sustainable long-term growth strategy.
Recognizing this, Altria Group, Inc. (NYSE:MO) has been deliberately expanding into smokeless alternatives to reduce its reliance on traditional cigarettes and cigars. Its on! nicotine pouch brand has been a bright spot, with sales volume up 26.5% year over year in the second quarter. Altria’s ability to adapt while maintaining stability makes it a classic long-term dividend stock. Its business model is built for endurance, exactly what income-focused investors look for when aiming to hold a position for many years.
While we acknowledge the potential of MO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 11 Best BDC Stocks to Buy Now and Dividend Champions List: Top 15 Stocks to Buy.
Disclosure: None.
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