Altria (MO)

Aug 3, 2022Trade Ideas

With inflation and fears of recession, keep an eye on high-yielding stocks, like Altria (MO), which currently carries a dividend yield of 8.21%.

After all, according to NerdWallet, “Investing in companies with a strong track record of paying — and increasing — dividends can lead to stable cash flow even during recessions. Another option is to invest in dividend ETFs, which comprise companies known for routinely paying strong dividends.”

Also, despite recent issues with the US FDA, that dividend appears safe.

In fact, according to Stifel analyst Chris Growe, who has a buy rating on the stock, says the dividend is vital to the investor base. “It is absolutely necessary for their stock, and I think that most investors expect it,” he said, as quoted by Barron’s. “They are growing their profit, and they are growing their free cash flow each and every year.”

In addition, in its second quarter, the company posted adjusted EPS of $1.26 on sale of $6.54 billion. Revenue came in at $5.37 billion. Analysts were looking for EPS of $1.25 on sales of $5.41 billion. It also had to cut the fair value of its stake in Juul Labs by about 70%.

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