Altria Group: I'm Still Bullish On This Dividend King Yielding Over 5.8%
Altria Group continues to be viewed positively due to its strong dividend yield of over 5.8%. The company's recent earnings report indicates it is undervalued at approximately 14 times free cash flow. Investors are encouraged to consider Altria as a solid investment option amidst rising interest rates.
- ▪Altria Group's dividend yield is close to 6%, which is attractive compared to the current risk-free rate of 4-5%.
- ▪The company's Q1 earnings report showed a margin-driven beat, reinforcing its financial stability.
- ▪Altria is currently valued at around 14 times free cash flow, suggesting it may be undervalued in the market.
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